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


To: Souze who wrote (56677)11/2/1998 4:24:00 PM
From: Bindusagar Reddy  Respond to of 61433
 
All the action was in Ciena, yahoo. Money was chasing these stocks. That explains today's drop in ASND.
Tuesday is usually a better day for ASND, especially if DOW has a down day.
Todays action has no meaning.
BR.



To: Souze who wrote (56677)11/2/1998 4:36:00 PM
From: Nazbuster  Read Replies (1) | Respond to of 61433
 
Souze,

I agree! I scalped 1/8 point three times today, but it took FOREVER for the price to change. It felt like I was watching paint dry. What a narrow trading range!

It was pretty obvious that there was little interest in this stock today, except that prices often fall when there is no buying interest. I think someone is accumulating slowly at $48. Go back and look at the last couple of days 10-min charts. Very narrow range. GSCO kept entering at 47 3/4- 47 7/8, so I just tagged along.