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

To: djane who wrote (39522)	3/17/1998 12:23:00 PM
From: Peter Yang	Respond to of 61433

I would get very worried if ASND closes down near 2 points today with a volume of more than 10 mil shares. That would signal a possible reversal. Otherwise, I think it might still close at @35 on Friday.

To: djane who wrote (39522)	3/17/1998 12:28:00 PM
From: Jan Crawley	Respond to of 61433

Djane, Very good analysis, thanks. May I add: 1. There was a post from last night stated that Institution holdings for Asnd have shown Strong increases in the past month. 2. I think that The capital investment groups is holding their shares for a good purpose. 3. Clearly we have, to a large extend, options exp. tradings influences here. Both Gary K and Gary W had good examples of options related price actions posts last night. Jan

To: djane who wrote (39522)	3/17/1998 12:30:00 PM
From: MStonek	Respond to of 61433

djane, I agree with you w/ respect of that moron on CNBC this morning. He was a "quant", just number cruncher, he doesn't look at fundamentals. He didn't like CS because analysts were downgrading estimates, but he liked CSCO and BAY(?). I prefer to buy a stock with a P/E higher than its growth rate and the estimates being raised than the other way around. Soon growth will catch up with the price. That is clearly the situation with ASND.