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

To: Glenn D. Rudolph who wrote (38407)	3/8/1998 7:28:00 PM
From: Gianluca Bacchiocchi	Read Replies (1) \| Respond to of 61433

<<Window-dressing is the term for investment managers dumping stocks that lag benchmarks like the S&P500 index and buying better performing shares to put a better gloss on their portfolios by the quarter's end.>> Along these lines, since Ascend has definitely performed better than the S&P500, isn't likely that money managers will be buying Ascend leading up to options expiry? This in effect could give us some support for a March 40 vs. a March 35, barring a catastrophe. JMO. Any thoughts? (or am I just arriving at the end of the discussion?) GB

To: Glenn D. Rudolph who wrote (38407)	3/8/1998 7:56:00 PM
From: Jurgen	Read Replies (2) \| Respond to of 61433

1. Three super-high profile tech companies have issued profit warnings 2. COMPAQ, world's largest PC manufacturer, will "break even at best" 3. Nasdaq comp is up 12% for the year on deteriorating earnings expectations (that's what i would call a divergence) 4. Gary talked to IR last friday, Q1 "may be a little bit more back-end loaded than anticipated" 5. everyone here is bullish, including Tim heck, why should ASND go up short-term ? Jurgen (desperately waiting for a buying opportunity :o)

To: Glenn D. Rudolph who wrote (38407)	3/8/1998 9:13:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

Analysts see a tug-of-war in the market between downward pressure from profit warnings, and the uplift from window-dressing helping to keep an anticipated market correction modest. it depends on how you interpret this. but there is tug of war, those fleeing the under performing stocks tug them down, and as they flee to perceived safety, pulling these stock up higher. the problem arises if the mutual fund does not invest in one of these "safe" stocks, then we have no balance.