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

To: Jeff Jordan who wrote (39655)	3/17/1998 7:52:00 PM
From: zx	Read Replies (1) \| Respond to of 61433

i think this is why ASND has been so weak this week. DB 14:24 [BAY] BAY NETWORKS SEES ACCELAR REVS INCREASING, NEW PRODUCT INTRODUCTION DB 14:24 [BAY] BAY NETWORKS SEES MARKET CONDITIONS TO BE COMPETITIVE IN FUTURE. DB 14:23 [BAY] BAY NETWORKS SAYS PLEASED WITH ACCELAR PRODUCT LINE. DB 14:22 [BAY] BAY NETWORKS SAYS Q3 CHARGE ON R&D FROM RECENT ACQUISITIONS. DB 14:22 [BAY] BAY NETWORKS SEES Q3 CHARGE OF $154 MLN, OR 67 CENTS/SHARE. DB 14:21 [BAY] BAY NETWORKS SEES Q3 GROSS MARGIN LOWER THAN Q2 51.5% LEVEL. DB 14:20 [BAY] BAY NETWORKS CITES WEAKER DEMAND IN MANY CUSTOMER SEGMENTS. DB 14:20 [BAY] BAY NETWORKS SEES Q3 REVS DOWN 10% FROM Q2 REVS OF $645 MLN. DB 14:19 [BAY] BAY NETWORKS SEES Q3 REVS, OPER INCOME LOWER THAN PRIOR GTR. the network stocks are seeing some problems. ag

To: Jeff Jordan who wrote (39655)	3/17/1998 8:01:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 61433

Explanation of today's (and other down days) action: Obviously, just my opinion, but I've seen this phenomenon a million times: Traders and institutions aren't stupid. If they wake up in the morning and say they're going to initiate or add to their Ascend position, they'll buy at the open. If they see that bids are being wiped out as fast as they're put up as they have been the past two days, that indicates to them that one of two things is happening: 1. A large holder wants to unload their position or 2. Short sellers are attacking the stock. In either case, they have no compelling reason to hold the price up. Unlike some of us, they are not on margin and don't care if the price tanks. If it does, they can buy it cheaper. As for today, there was a lot of selling pressure from the get go. When that became obvious, the only bids in the market were from people like you and me. However, we don't have enough buying power to stand up against a motivated seller. As you may know, when someone dumps a position, they don't sell 10K shares/day for 1000 days. They sell a lot of stock at once. Note that when the stock hit $32, the buyers said enough is enough and stepped in, pushing the stock back up to $33. It went from $32 to $33 so quickly (actually, not quickly enough for me) as the buyers realized that others noted that the price was at $32 too and were buying at the same time. From $32 to $33, the buyers "competed" with each other for any available stock. When the stock tried to surpass $33 1/2, the sellers stepped up with more pressure. Then, the bids were once again lowered. I personally don't like the price to swing in a $5 range every single week. However, this is a clear indication of accumulation. There is nothing wrong with this (unless you're margined to the hilt). Should some news come out that says that Ascend is a screaming bargain, you'll see the price go up $5 in one day. But until that happens, we'll see this trading range for a while. For what it's worth, what it means is that you might add to your position under $33 and sell some of your position over $36, of course, taking the risk that the stock will break out one of these days. Between $33 and $36, just hold what you got and watch the NCAA games. Again, just my opinion. FWIW.

To: Jeff Jordan who wrote (39655)	3/17/1998 8:15:00 PM
From: blankmind	Respond to of 61433

even if lu were not purchasing asnd, with so many earnings warnings, cs, coms, bay, ... why not park the money in a stock where they announced recently they would make the .25 and expect double digit growth the 2h of the year? jumping in the steam room to cool off? cold shower to warm up?

To: Jeff Jordan who wrote (39655)	3/17/1998 11:26:00 PM
From: Jose A. Almodovar	Read Replies (2) \| Respond to of 61433

Jeff, I'm new to the thread, I have held asnd since sep. 97 and lost approx. $60k when I sold at about $27. I've since bought and sold but not very effectively. Ex. purchased 4k on 2/24 @35.75 only to panic and sell on 3/6 @33.50. Purchased 4k on 3/16 @34.25 only to watch it go down today to 32 1/16. My recent purchase was to do short term trading. Reading your post it seems to me that you have changed from long on asnd to a day trader. I am incline to agree with you that short term trading is the way to invest in asnd these days. My long winded question is whether it is better to trade short term for profits and try to get back in on any dips due to the buyout rumors? I am afraid to be out of the stock in case of a buyout but do not feel comfortable just holding the stock as it is very volatile and have only lost money holding it.