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Re: (ASCEND) Uh-Oh ..... ;)
At 06:05 PM 10/17/97 -0500, Jake Messinger wrote:
>On Fri, 17 Oct 1997, Jake Messinger wrote:
>
>> > http://biz.yahoo.com/finance/97/10/17/asnd_bay_1.html
>>
>> If that were true, then Ascend stock would be going thru the roof right
>> now. Its up about 1.5 under moderate trading in both directions.
>
>Okay I just checked an stock is still about 1.5 altho volume is HIGH at
>around 20 million shares. It looks like 1/2 the people are responding to
>the article positively and the other half are DUMPING stock as fast as
>they can!
>
>On the other hand, Lucent is down 3 under average trading, probably
>responding to the rest of the market's downward trend. 3com, Cisco, are
>down and Bay Networks is up only modestly after a steady decline over the
>past few trading sessions.
Jake,
Trying to figure out why tech stocks go up and down is a total waste of
time for anyone but a fund manager. There is a lot more to it than any
reaction to Lucent rumours. Us geeks don't truly have a clue, and this list
is for technical info. :) :)
Matt Holdrege - http://www.ascend.com - matt@ascend.com
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