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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Moenar who wrote (19646)10/29/1997 2:51:00 PM
From: Brad Rogers  Read Replies (2) | Respond to of 61433
 
I believe ASND will remain under pressure for the rest of the week ('til Oct 31) for ONE REASON: institutions/mutual funds needs take all 1997 tax losses by Oct 31.

THIS IS IT. LOOK NO FURTHER.



To: Moenar who wrote (19646)10/29/1997 3:51:00 PM
From: adam hefian  Read Replies (3) | Respond to of 61433
 
I am getting the feeling that ASND will not make its number for the DEC.qtr.Could come in way below analysts estimates.You could see analysts coming out next month and cutting earnings estimate,which could further depress the stock price.