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


To: Gary Korn who wrote (39372)3/16/1998 8:46:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 61433
 
Gary,

Sell Cien, and buy Asnd.

Jan :o)



To: Gary Korn who wrote (39372)3/16/1998 9:23:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 61433
 
Gary, I believe Money Flow is more telling than tick volume

Money flow today was negative $13MM
The other day, it was up 9/16 and the money flow was positive $23MM

All I saw all day were sell orders (of course there were buy orders too).

I've been watching this stock tick by tick now for a month. It seems like everytime someone wants the price to go down (for whatever purpose), they take out every single bid in sight.

And it doesn't stop until they're done. Today was a great example. Whatever the bid was, they took it out. Even though they could have sold all they wanted to at let's say $34 3/4, they continuously pushed the bids lower and lower.

Especially on low volume days such as today (less than 5MM shares), it is not hard to do.

When we get this type of sell off with 10MM shares or more, I'll start worrying.

Shame to waste such a great market day with this kind of shameless manipulation.

Let's hope tomorrow's another up Nasdaq day.



To: Gary Korn who wrote (39372)3/17/1998 12:25:00 AM
From: blankmind  Respond to of 61433
 
gary, net tick volume over one day means nothing. you need to look at several days to tell if there is a pattern. sort of like when asnd would finish up 1/8th of a point and people would ask if this was an asnd rally. take a look at several days net tick value and the corresponding price.