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

To: Tim Luke who wrote (42956)	4/8/1998 6:58:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 61433

INSIGHT - U.S. stocks seen in near-term pullback Reuters Story - April 08, 1998 13:58 %INSI %STX %CORA %DPR %ELI %ENT %BNK %FIN %U/I MOT INTC CQP CCI TRV V%REUTER P%RTR By Richard Jacobsen NEW YORK, April 8 (Reuters) - U.S. stocks are cooling off after they surged the through Dow 9000 level and are likely to pull back at least a few percentage points before making further gains, technical analysts said. But if selling gains momentum, questions may arise about whether Monday's close above the 9000 mark, fueled by the biggest merger in corporate history, was a climatic event for the bull market, they said. Recent readings showing high levels of investor bullishness and weakness in technology stocks are factors signaling a near-term pullback. Alan Newman, technical analyst at H.D. Brous & Co, said he expected stocks to shed 2 percent to 7 percent before trying to rally again. A drop of 7 percent from the Dow's intra-day peak on Monday at 9095 would bring the blue-chip average down to about 8450. Early afternoon Wednesday the Dow was off about 42 points, or 0.5 percent, at 8914, following Tuesday's 77-point drop. Gregory Nie, technical analyst at EVEREN Securities said 8750 on the Dow marked the low end of a recent trading range and would be a key marker of the market's near-term direction. "If you break 8750 that's enough of a pullback to ask if there has been a change," Nie said. He said it would lead to "harder questions: Have we finished off the rally? Are we rolling over? Are we shifting meaningfully to the downside?" The Dow has short-term support, however, at around 8850, Nie said. Technicians pointed to recently high investor optimism, which is used as a contrarian indicator because it often signals there is little buying power on the sidelines. The latest Investors Intelligence sentiment index showed bulls at 52.4 and bears at 24.2. The index is based on a survey of about 170 stock newsletter writers. Brokerage PaineWebber said its sentiment index hit a record level in March. "A dose of jitters will be good for a complacent market," Nie said. One source of jitters could come from technology stocks. Gary Kaltbaum, technical analyst at J.W. Charles, said leading technology stocks such as Motorola Inc. , Intel Corp. and Compaq Computer Corp. were "breaking down" technically. "I think the techs, without a doubt are in a bear market," he said. After two days of sharp losses, the technology-saturated Nasdaq composite was up about two points to 1800 on Wednesday. Newman said another source of worries for investors was the market's lack of follow-through after breaking the Dow 9000 barrier and getting news of the record-breaking merger between Citicorp and Travelers Group Inc. . "I think there is some fear in the market that that was a defining moment," he said. Such a defining moment could mean the end of Wall Street's bull market, although it is too soon to tell, he added. The strength, or lack of it, of any rally following the expected near-term pullback will be a key indicator of the market's health, analysts said. "I'm sure we'll try to rally again because this has always been about buy the dips," Newman said. "I just don't know how effective it's going to be next time."

To: Tim Luke who wrote (42956)	4/8/1998 8:11:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

timmy, i only posted what you said. unfortunately for you si does not do a purge of the database every so many days. unlike you i do not need to get personal ala you and your friend x-208. good luck on rewriting history.

To: Tim Luke who wrote (42956)	4/8/1998 8:16:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

asnd was lowwwwwwwwwww when you sold, you caught the bottom. dec 3 at 23 1/2. check my posts, i was telling people to purchase. To: Wiseowl (25318 ) From: Tim Luke Wednesday, Dec 3 1997 10:50AM ET Reply # of 42968 I decided to sell and take a 8k loss, I can't feel to bad I had a very good year in trading. What worries me is todays action and I also feel the earnings will be bad. So its better for me to take the loss for taxes and use the money elsewhere. I guess I will go back to day trading asnd even it may not be worth it, I know I said I doubt that asnd wiil see the teens. But now I'm starting to doubt that statement. This is going nowhere and to have dead money just sitting there is foolish to me, its just going to get worse and for the longs here I wish you all luck because this baby is in trouble.

To: Tim Luke who wrote (42956)	4/9/1998 1:16:00 AM
From: blankmind	Respond to of 61433

To: MR (25234 ) From: Tim Luke Tuesday, Dec 2 1997 6:35PM ET Reply # of 43025 MR, You might want to think a little harder on holding for 40 in 6 months, I think that this sector is in trouble and it will reflect in the next report. I hope we don't see the teens but the wat things are looking that could very well happen. You will be better off putting your money elsewhere, like I have been saying for months now this is a tainted stock. I made a mistake buying at 27 thinking I was going to make a quick poit or 2 but now I will be lucky to break even in 6 months. I will go on record right now ans say the high for asnd 6 months from now will not be higher then 35. It could stay at this level for a long time.

To: Tim Luke who wrote (42956)	4/9/1998 1:18:00 AM
From: blankmind	Respond to of 61433

another blast from the past You can forget about asnd getting above the mid thirties for many months to come. First off I don't think there will be a buyer for asnd anytime in the near future. Second, there are many shareholders who bought in at the mid 20's so they will be dumping this stock in the 25 - 30 range and that will keep asnd below 30 for the next few months. I thought asnd might do better after the first of the year but I really doubt that now. My take (even though I'm a day trader) for the next 12 are very bleak: 1.No takeover will happen 2.The stock will float between mid 20's and mid 30's for the year with a possible (small) high of 40. In other words this stock/management really sucks and I just can't wait to dump mine at 30. exchange2000.com

To: Tim Luke who wrote (42956)	4/9/1998 1:18:00 AM
From: blankmind	Respond to of 61433

To: Larry J. (25189 ) From: Tim Luke Tuesday, Dec 2 1997 2:31PM ET Reply # of 43028 If you guys are starting to worry about asnd missing their #, you might as well get ready for it. I have no doubt they will miss their #, if you think the troubles from last qt won't carry over into this qt you better think twice. I'm not sure if asnd will ever see the teens but the trading on this stock will be very flat for many, many months to come.

To: Tim Luke who wrote (42956)	4/9/1998 1:24:00 AM
From: blankmind	Read Replies (1) \| Respond to of 61433

tim, if you would like to apologize for the name calling and moving away from facts, i would gladly put this behind us. asnd has moved up and we have prospered, which is the bottom line. i have to admit going through some old posts on asnd is a kick, it has certainly come a long way from those dark days of late 97. please send me a private message and we can take this off-line.

To: Tim Luke who wrote (42956)	4/9/1998 10:59:00 AM
From: blankmind	Respond to of 61433

To: paul lin (24949 ) From: Tim Luke Saturday, Nov 29 1997 11:06AM ET Reply # of 43092 <but how come you are holding ASND and waiting for $30 to get out? inconsistency?> I own 300 at 37 and 2K at 27 so 30 is my # to get out, the only way this stock will ever see 50 is if they get bought out and I don't think that will happen.

To: Tim Luke who wrote (42956)	4/9/1998 10:59:00 AM
From: blankmind	Read Replies (1) \| Respond to of 61433

So you might want to take a 4.5 loss a put your money to work elsewhere. This is by far one of the worse tech stocks to own short or long term. -- tim luke To: MR (25360 ) From: Tim Luke Wednesday, Dec 3 1997 1:38PM ET Reply # of 43095 MR, So you might want to take a 4.5 loss a put your money to work elsewhere. This is by far one of the worse tech stocks to own short or long term. Even IF asnd comes in at .23 it won't be enough to get the stock higher. The selling pressure will keep this stock down for a long time to come. My advise "only" to you is if you can get 30 i would sell, because it won't be able to hold that price. ASND will trade below 30 for many months to come.