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

To: Tim Luke who wrote (55933)	10/15/1998 11:47:00 PM
From: James A. Venooker	Read Replies (1) \| Respond to of 61433

Tim, What is your call for the recent market swing? Do you fell it is sustainable. What are playing? Are you back in ASND yet..looks like we'll hold up close to 50 before earnings come out..then anybody's guess is as good as mine which way we go. Today marked 2 very significant signs: 1) LU is back over 70, thereby making the possibility of a takeover much more realistic. 2) Fed has taken definitive action to spur the market, and have made no sign they won't continue to intervene until we have more stability. Does this mean the "floodgates" or should I say "moneygates" are open, or are you looking for profit taking tomorrow? Friday's have been notoriously volatile lately, wouldn't you agree? Jamie