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

To: Nazbuster who wrote (48372)	6/8/1998 11:26:00 PM
From: Darren	Respond to of 61433

After watching what KTEL did (12+ on Friday, 80+ Monday), I won't put an overnight market order in EVER. What does everyone think the pattern will be at open? If the gap is around 20%, it qualifies as an open short after 9:45a, when the last paper in the door comes through. If the gap is less than 20%, you could probably buy and sell at whatever you see as a top (probably around 20%). The initial top should be somewhere before 10:30-11:00a. Chances are, this top will be broken later, again depending upon the percentage before open. If the market is overly negative, it will gap up and stall all day. Tomorrow could qualify as a somewhat negative day based on S&P futures analysis. Again, this is a common pattern for a "gainer" based on news or earnings. I honestly don't know if it works on S&P 500 stock additions... I learned about gainers and dumpers from Ken Wolff: mtrader.com He is one of the more conservative day-traders around. You should take a look at his strategies and patterns if you are interested. He also has a chat room that I think is about $150 per month. This is not an advertisement, I don't subscribe, but I respect his trading strategies very much...and he's a very nice guy who has tried to help every day-trader who has come his way...

To: Nazbuster who wrote (48372)	6/8/1998 11:28:00 PM
From: Jack Colton	Respond to of 61433

This message was written before reading about all the shorts. Options won't expire for another 2 weeks, so there might not be too much action due to shorts if my theory below holds any water. Without an announcement, it is hard to tell. Generally, the week before a major trade show seems to cause a run up in the Networking stocks, and after the show, there is a minor sell off. The same thing happened to some of the networkers during the week before Interop, and (without looking it up) it seems that the actual week during Interop yielded lackluster results. Everything just kind of drifted during the week, and the week or two after the show, there was a slight sell off. CISCO and LU are doing well, but the rest of the networkers are kind of drifting. You could probably place a limit order (right now)to buy just below the close today, and see if it executes before 9:45. Then make a decision based on what happens. just jack