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

To: James A. Venooker who wrote (55500)	10/7/1998 11:41:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

Jamie, the answer is obvious from my perspective. The stock was overpriced at 50 based on the way market is valuing all stocks today. Why is DELL down from 69? Why is CSCO down from 70 (pre-split 105)? Nothing has changed with these great companies. They will make their numbers as they always do. I don't give a flying f- if the market is crumbling, this stock has winner written all over it, yet is taking a basting. Just because the stock is down from 50 to 36 doesn't mean its a "loser" company, just a money loser, if one bought above 36. Funds are selling these stocks, "taking any bid". There is an extreme lack of liquidity in the market right now, and funds is general just want nothing to do with equities. Funds go to sell, and there are just no buyers for the amount of stock they are offering. Hence, huge moves to the downside. If you call this manipulation, so be it. Fund managers see it as survival time. And let me just add, IMO, the selling ain't over yet... Gary