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 210.01

+1.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Hays who wrote (7999)	8/5/1997 2:05:00 PM
From: WBendus	of 61433

"We need to hold 53 1/2 intra-day, or else, 52 1/2 equas a reversal in trend. Isn't it amazing how they hold this stock back." Precisely why UBS released the story when they did. The stock was breaking 55 significantly, then the bombshell UBS story. This analyst has been watching the stock all morning, and knows that much of the trading in ASND shares is technical in nature. Throw this bombshell out and you can create the impression that there is significant overhead supply at 55. Masterful how they do it. UBS knows that there will be reactions like Tom's, and that people will just dump the stock. I suspect that UBS has significant positions in CSCO and they want to make sure that all attention and money is focused on CSCO and they are just trying to steal the money from ASND share holders. Those that sold today are likely pouring the money into CSCO today. Got to love it!! Wayde.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next