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Technology Stocks : Ascend Communications (ASND)
ASND 228.60+0.9%10:02 AM EST

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To: Glenn D. Rudolph who wrote (3905)6/10/1997 9:25:00 PM
From: Tom Hays   of 61433
 
Glenn,

The MMs have to step into the market to keep it orderly. If there weren't buyers lined up they have to buy and if they have to buy then the price will drop big. Todays Vol. was Big, I don't know what the float is on ASND, but I would say we had a big vol. day. If the price moves sharply up tomorrow then I would suspect the MM s marked it up.

Tom Hays
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