Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 202.47

-4.5%

Dec 17 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: nan-xiang chen who wrote (7358)	7/25/1997 2:30:00 PM
From: Finder	of 61433

The decline in short interest has nothing at all to do with faith in Ascend. It is merely the unwinding of an arbitrage play that occured prior to the Casacde merger. People would buy Cascade and short Ascend. Thus insuring a profit if the deal closed. Rather the action in the market for this stock has not been good this week. There is still way too much overhang under 55 as Wednesday and Thursday showed. 2:30 is ussually the weakest time of the day for this stock. However on a summer Friday anthing can happen going into the close. Light volume, heavy opportunity for manipulation by MM. Hopefully next week will be better. I would sure be happier if we had closed above 50 for the week.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next