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

To: gbh who wrote (49442)7/1/1998 1:58:00 PM
From: thebeach  Read Replies (2) | Respond to of 61433
 
Hello people,in my opinion it's just the window dressing guys bailing,we are already recovering and should close the day unchanged.



To: gbh who wrote (49442)7/2/1998 1:47:00 AM
From: Jack Whitley  Read Replies (1) | Respond to of 61433
 
<<Jim, welcome to the thread. I don't know why ASND is dropping. No news has hit yet. Volume is pretty heavy though. I wonder if we are seeing the pre-selling associated with a large firm downgrade? Just speculating..>>

This stock is one of the most heavily day-traded stocks on the planet. You see these little mini-panics all the time, a bunch of them load up, and if it starts going against them, they all bail, exacerbating the slide.

jww


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