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

To: Jim Hott who wrote (28494)	12/21/1997 12:47:00 PM
From: yard_man	Read Replies (1) \| Respond to of 61433

Beta = 2.74! Because! I have Jan 30 calls! Christmas!

To: Jim Hott who wrote (28494)	12/21/1997 1:52:00 PM
From: Jeff Jordan	Respond to of 61433

<<<<< According to this article Dec 19 was the last day money managers can dump. Does that mean the market will be less turbulent and does that also explain Friday.>>>>> stocksite.com Friday, Dec. 19, 1997 Get your blue-light specials here Market analysis Can you say "window dressing?" For many stocks, today's tone will likely be set by portfolio managers dumping stocks they don't want on their books by year's end. Today is the money managers' last day of liquidity for the year, so you can bet they'll take advantage of it. With option expirations, I'm expecting a lot of volatility in both stocks and bonds. For investors hunting bargain stock prices, this is the time. Since portfolio managers dump shares without any idea of the companies' fundamentals or valuations, many stocks may trade down to bargain levels. With all the earnings warnings we've heard, the market will probably continue to experience selling pressure. Again, I believe this market's savior will be declining interest rates. I would not conclude too much from Thursday's market drop. Jeff