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Technology Stocks : Ascend Communications (ASND)
ASND 208.46-2.1%2:06 PM EST

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To: Tim Luke who wrote (12587)9/15/1997 12:12:00 PM
From: Nazbuster   of 61433
 
Tim,

I'm a novice at this, but it seems that this is all pure manipulation.

If all this heaving institutional selling is based on knowledge, it surely would have leaked to SOMEONE ON SI by now. Even if one or two MMs got some tidbits, would this explain this huge volume? From my perspective, this is panic selling over real problems the company can overcome. I have been averaging down all the way (since I have no clue on how to read the bottom) and need one more buy at $27.5 to undo the damage I did at $59! I'm holding long term.
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