Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 9:30 AM EST

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To: Kumar Nathan who wrote (9315)	8/20/1997 2:52:00 PM
From: Jeffery E. Forrest	of 61433

I agree with all your post except: "heavily shorted" ?????? I would think most short positions would have been covered last week. I was not short, but if I were I would have covered when we filled the gap. The support at 40 is VERY strong and the risk/reward ratio would make it silly to hang on after it filled that gap. How current is your info inre short interest? It has been proven time and time again that a heavily shorted stock is usually shorted heavily for a good reason. More often than not, it's a fool's game going long in expectation of a squeeze. In reality a short squeeze is a rare beast.

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