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 209.98

+4.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris Steele who wrote (12311)	9/14/1997 12:03:00 AM
From: AlienTech	of 61433

>>was moving fast. And yes...5 million would be VERY hard to sell at once!.....not to metion the damage it would do to the price.<< I came up with the number since it was around 15million and all off a sudden all the buyers ran for cover leaving 36 wide open. This usually means that some is going to be doing some very large block shorts or dumping. Till pretty much the end of the day there was some solid support at 36 and heavy accumulation, I say accumulation cause a lot of people were out-bidding each other taking the price higher till a seller came in an over came them. I have seen similar happenings in a lot of stocks, they do this to cause a technical break down of the charts. If program computers pick up on this then monday wont be pretty but if early morning the fuds see that all this is just very short term then they might give support and drive the price back up to 36-38 for the duration. PMCS is another one with a technical breakdown caused on purpose, so is CYMI. At this point a general statement from the management wont do any good, they have to wait till the end of the quarter and show actual results. Which might just mean we will go back tupto 60 in a shot, especially with the very large short intrest in the stock currently. Most large shorting is done by the MM and not directly by the seller, The seller sells the stock to the MM who can and do short on a down tick taking the price even lower since buyers just cant support the price. This should be illegal but I see it so often that not only should this be illegal but the fines should be prison sentence plus restitution of lost revenus for both the investor and company. Since the biggest damage is done to the investor who ends up stuck with shorted shares even though his bid was not the ask!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next