Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.64

-2.0%

Jan 8 3:59 PM EST

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To: Tom Hays who wrote (7305)	7/24/1997 10:47:00 AM
From: Tom Latham	of 61433

This market today has no buying conviction. When the market drifts like this the natural pull is like gravity-- down. Today there could be games played with stocks that are showing less than normal volume so watch out if she surges either way so do not think you are missing any news if this happens. It has been the target of consortium plays before on a nondirectional day, if it happens remember the ones that push it down shorting turn and go long for the few point ride back up. I have lost my contact with one of them but I saw them push ASND from 63 to 58, cover shorts, go long and buy option and park it back at almost 62 on a Friday. I know it can be done. These guys are serious about making money and a day like today is clear sailing for them so time will tell. Holding long. TOM @ MOSES Trading Inc.

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