Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Captain James T. Kirk who wrote (27015)	12/8/1997 2:24:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 61433

Leave me out of any and all of you BS statements. BTW- I do not post any of the stocks that I follow since you like to climb on board..ie PETM. I think your posts are for entertainment only!

To: Captain James T. Kirk who wrote (27015)	12/8/1997 3:07:00 PM
From: sepku	Read Replies (2) \| Respond to of 61433

>>> the company has made many positive announcemnets, and we went no where. The TA indicators crossed the various lines, and we went no where. Maria B. gets on TV and all of a sudden, BOOM, here we go !!<<< I don't agree with that scenario at all. I pay little attention to such rumors as the buy-out by LU...we've all heard that one before -- LU supposedly is going to buy-out half the of the Nasdaq. ASND shares began to have a powerful rally soon following the DMG conference. Lee gave us a heads-up to that likelihood a day before it occured. Apparently, awareness of the DMG conference was not widely known...Lee was the only person to learn of it, both here at SI and at the Fool. I would be more inclined to believe that the media saw the rally, and for lack of discerning the force(s) behind it, they put an ear to the trading floor (Maria), and raised the LU rumor from the dead once again. You hear what you want to hear, and it's CNBC's desire to make sure we "heard it [there] first". Of course, such speculations spreads like wildfire throughout the market once such reporting hits the wires, and this feeds upon itself and aids the rally in progress. Notice that the other media sources only quoted CNBC for the LU takeover rumors. Also notice how CNBC is already sweeping the dust under the rug...bygones, right? I believe the rally was initiated and sustained by the fundamental outlook improving, the CFO's comments at the DMG conference, and the assurance that the company will meet Q4 estimates. The rumors sparked by CNBC fueled the buying in the latter stages. Style Pts.