Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: S. M. SAIFEE who wrote (14676)	9/27/1997 1:09:00 PM
From: Chi-X	of 61433

Smart money managers will be buying at this level and show off big gains next quarter end. If the fund managers want to do some window dressing, they'll dump their losers (like ASND) so that it won't show up on their books. Then they'll buy back after the quarter is over which can be as soon as October 1st if they still think this stock is a buying opportunity. If it turns out they were wrong then they'll probably be dumping on the last trading day of December. As for those that down own ASND yet, the same rules apply. Why buy ASND and have a loser on your books going into the end of the quarter when you can buy it on Tuesday without it being reflected on your books? Cheers, Chi-X hath Spoken! Absolutely Princess Diana 1961-1997 members.aol.com

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