SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Chi-X who wrote (23121)11/13/1997 1:52:00 AM
From: Christopher Reed  Read Replies (1) | Respond to of 61433
 
So what ever happened yesterday, happened at 3:00 pm. Intraday charts of about 40 stocks show all started to drop at 3. About 15 min later the bottom fell out and we ended with dow down 157. The question is what news hit the tape at 3:00. Best example was msft.

FOMC officially at 2:15 (although a post here at 2:08 called it right)
The UN condemed Sudam but that was also well known.
There was something about Brazil but they have been unstable for days.
Aisa was asleep. We knew they were down all day.

I bought asnd at about 10:05. (broker put me on hold for about 3/8).

It was UP UP UP as high as 25 1/8. I was happy as a clam at high tide at 11:00 and had to leave my 'puter. I got back after close and was shocked.

WHAT THE H WAS ANNOUNCED AT 3:00? Inquiring minds want to know.

At least I broke even on asnd. I was just down the commission.

ASND has bottomed and has turned around. This is another chance to buy.