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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: jeff wheatley who wrote (28692)12/26/1997 9:47:00 AM
From: Gary Korn   of 61433
 
Jeff,

Thanks. The short interest report is out monthly. I've not seen the latest. You have a point about short covering. Given the timing (before Xmas week), there may have been some intensive covering that occurred on Friday, 12/19th, before everyone took off the following week. Perhaps some entity(s) don't want to be short going into 1998 (when the retail tax loss selling is gone).

Gary Korn
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