Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Larry Myers who wrote (24956)	11/29/1997 6:48:00 PM
From: swrdfsh	of 61433

>>Use my stock as collateral and borrow the money. This way I would still be able to sell the stock at the takeover price and then pay off the loan. The interest on the loan would be nothing compared to my gain on the sale of the stock.<< Larry Myers This is exactly the right question. I don't see how insider selling at such severly depressed prices can be a bullish sign. Insiders are expressing no confidence this stock will see even $30 in the next twelve months! If they did believe it would, they would have followed the above strategy instead of selling now. The only excuse I could imagine would be if there was some sort of SEC prohibition against insiders borrowing against their shares. Maybe Gary Korn knows the answer to that. If not, any insider sales at these levels are very worrisome, hardly bullish, and no indicator of a merger. swrdfsh

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