Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

3:59 PM EST

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To: Gil Gilbertson who wrote (49304)	6/26/1998 11:11:00 AM
From: gbh	of 61433

Also, there were 30million shares sold at 49-50 area and those people are losers for now and I imagine a lot of them are waiting to get out. People are generally willing to give a stock more than 1 point of downside on a 50 dollar stock. Also, a substantial number of these shares were bought by SP500 index funds. People who buy these funds generally don't look at individual stocks. They just blindly throw more money at the fund, meaning the funds must buy more shares. Gary

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