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


To: Sowbug who wrote (41901)4/2/1998 1:36:00 AM
From: blankmind  Read Replies (1) | Respond to of 61433
 
i ask about asnd, prior to tomorrow, because so many can predict why things happen after the event. that is why analysts discuss this stuff after the trading day or bad earnings and then downgrade.

since asnd might have some speculative holders right now, as the shorts were forced to liquidate after the options expiration which helped to provided a boost, if we start a sell-off thursday, will longs and those speculating again panic sell and join the shorts in bring asnd further down than other networking stocks?

glenn picked out some stocks over asnd's down period during options expiration and was significantly down more than other networking stocks. my only counterpoint to glenn was it showed asnd as a leader. he was correct in noting the disparity of the slide in asnd as bay announced disappointing earnings and asnd slumped.

guaratee you if asnd holds up better in the sector, it will be attributed to the takeover rumors and not the fundamentals.

i do not know your reference to south park.

we shall see in the morning.