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

To: getgo234 who wrote (33745)	2/6/1998 4:41:00 PM
From: Gary Korn	Respond to of 61433

getgo, Chart to follow, but I'm delighted by today's close for one big reason: At 33 1/4, ASND finally is above its 33 1/8 close on 10/9/97 (the date that ANSD released 3Q earnings and that the NWX peaked at 362). At times I thought this might never happen, but it did. The chart will show that from 10/9 through 2/6, ASND is now up .4%. (I believe the only other two networkers up in that same timeframe are CSCO and LU). As for today's action, Goldman was an active buyer for most of the day, then broke off for a bit in the afternoon, then re-entered towards the end. Perhaps today offered some consolidation. Regardless, I don't think that it is weakening in any kind of long-term sense. Gary Korn