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

To: Mighty Mizzou who wrote (51406)	8/3/1998 12:47:00 PM
From: sam	Read Replies (1) \| Respond to of 61433

"I cant recall a time when there was more meaningless speculation and innuendo on this thread." Don't forget insults...

To: Mighty Mizzou who wrote (51406)	8/3/1998 1:00:00 PM
From: Jan Crawley	Respond to of 61433

Well, think of it this way: 1. Lots of big/small players have large profits in Asnd; when most decided to hedge(sell) a portion of their holdings in a short period of time due to this merger event, selling pressure out-weights... 2. We were all pretty much aware of the fact that LU take over premium was partially in Asnd stock price for the past couple of months. It comes and goes based on market perceptions.. 3. We have large volume with relatively small trading ranges so far today. Not much selling pressure in a down market. Asnd is still a good long-term hold with good fundamentals and excellent growth potential; plus being the #1 take over candidate for LU Regards, Jan