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

To: Gary Korn who wrote (22974)	11/12/1997 3:58:00 PM
From: Lee Ring	Respond to of 61433

I'd say ASND held up unusually well. Let's hope that the market soon stabalizes. Lee

To: Gary Korn who wrote (22974)	11/12/1997 4:16:00 PM
From: James A. Shankland	Read Replies (2) \| Respond to of 61433

Well, with the NASDAQ down by over 40, ASND actually closed up 1/2. More broadly speaking, this is starting to get to me a little. Here's how far various tech stocks are off their 52-week highs: AMD: off 59% ASND: off 70% COMS: off 62% CSCO: off 12% INTC: off 27% SUNW: off 40% It sure is a good thing we're not in an actual bear market, isn't it?

To: Gary Korn who wrote (22974)	11/12/1997 4:22:00 PM
From: Harry Ehrlich	Read Replies (1) \| Respond to of 61433

Today's action was significant. A small portion may have to do with options expiration - that nudging effect is always there. Last month, the expiration effect was combined with the rumor of the LU buyout. I don't think the MM's would try that again; they know we wouldn't buy it. That leads me to believe that something's up. To be honest, I still thing ASND is in trouble. But from a short term trading point of view, we may see some upside here. I covered 1/2 my position at the close. Let's see what tomorrow brings. Harry