Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 219.98

-0.3%

10:45 AM EST

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To: KellyW who wrote (12870)	9/15/1997 7:07:00 PM
From: AlienTech	of 61433

This is one weird stock, The stock tanks and the shorts come running. Just who in their right mind would short a stock thats already beatten up? Maybe its the market sentiment, but this does remind me of some others like APM even with a P/E of 8 they still short it. And after watching PAIR its very similar, Although it looked like a lot of the support at 32 came from short covering. Its a great traders stock if you have the guts, Buy/cover @ 32 5/16 or so and short/sell at 32 13/16 or so.. Hey it paid for lunch.. BTW this is unbelivable and another chance for that 100% profit in an year deal... Only happens once an year at these fire sale prices...

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