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

To: thebeach who wrote (38654)	3/10/1998 12:49:00 PM
From: Sowbug	Respond to of 61433

I'm not Gary, but most of the networkers are off today, so it's more of a sector-wide thing. Plus, I think every short-term investor has moved his/her money to the Internet stocks to make 6 points a day. If you're holding ASND because of its "underlying aspects," then you're a long-term investor and shouldn't be concerned with day-to-day movements. At most, month-to-month. Your questions are more appropriate for momentum investing (which ignores the company's fundamentals) or day/position trading (which ignores almost everything). What gives? ASND is off today with all the positivity. I am dumbfounded and ready to bail. The underlying aspects of this company are astounding and its price is off. I know all the aspects of this firm are positive and I ask, can you tell us why the stock has come under pressure?Thanks