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


To: swrdfsh who wrote (26080)12/5/1997 8:00:00 AM
From: Jeff Jordan  Read Replies (2) | Respond to of 61433
 
Can ASND gap up without news?

NEWS? WE DON'T NEED NO STINKIN NEWS!

Isn't the option volume good enough news?

Jeff

Briefings yesterday:

15:00 -- 16:00 ET (Updated throughout the hour)******

Ascend Communications (ASND) 26 5/8 +3: shares of networking access products concern spike upwards on takeover
rumors; possible candidates are given as Lucent Technologies (LU 78 3/4 +7/16) and Northern Telecomm (NT 94 3/16
+11/16); however, this is just a rumor.....

Ascend rallied nicely on further
takeover rumors... Looks like aggressive bargain hunters are getting a jump start on
expected early January rebound... Again, stock has a ways to go before repairing technical
damage from sharp sell-off.