Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

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To: Jeff Jordan who wrote (22459)	11/10/1997 7:53:00 PM
From: sepku	of 61433

>>>Are you sure? Isn't it the short selling that keeps a stock up?<<< I'm positive. I know it's confusing. What you are probably thinking of is the "short squeeze"...when the brokers call short-sellers and force them to cover their positions by buying back the borrowed shares and returning them to the owner. When shorts cover their positions en masse, they help propel a stock up. However, with ASND bleeding like it is, there's no way the short-sellers are going to be squeezed out of their positions. If anything, we have a problem with too many shorts selling ASND shares...they are contributing to our slide. Style Pts.

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