Ascend (ASND) descending? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend (ASND) descending?

ASND 213.29

0.0%

Jan 2 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sue Y. who wrote (174)	6/20/1996 3:41:00 PM
From: Matthew Shapiro	of 313

I want to correct a mistake in last post: I am used to looking at trades scaled by 100. The 2000 lot trade is 200,000 shares. I think @400,000 shares were overhanging the market. That's 3-4% out. Market has to go down to where this can be traded. They were willing to accept a low price and the market gave it to them-that's how it works. Getting this into the hands of people who want a higher price is a crucial step to recovery. Price held until worst of the panic and snapped back from session low @ $48. This reaction, means my absolute fire-sale, bet the ranch here price of $42 is the worst-or best-to expect, barring some protracted bear market, where there is no market for anything. Most stocks snapped back well-its getting overdone. I warned last Friday of a dramatic pullback, and advised a hedge. Use this procedure instead of dumping a good stock. Cabletron Systems reported better than expected earnings today: this is fantastic news, and harbinger of excellent networking results. The most helpful thing right now is stretch of clear sunny weather here in the East. It has been damp and overcast for three weeks. This is much of the problem. No one is in a good mood. Matthew

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next