Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Mark Svereika who wrote (15336)	9/30/1997 8:56:00 AM
From: Jacob S. Rosenberg	of 61433

Like a Rock. Mark Svereika wrote: >How is this going to play out? > > Anybody know the advertising jingle for Chevy trucks? > "L-l-like a ROCK..." cascading down. > What a great post. Panita wrote something interesting: >Between September 8 to 19 some 150 + million shares of ASND >traded. That is 80% of all ASND outstading shares. So most >current holder bought their stock at 33-42 price range. Can >someone give an EDUCATED insight on what this means for ASND? >Keep your hyping bull/ bear BS to yourself. No I don't think this completely correct. As you can tell by by reading this thread, many of those who traded were short-term traders. In addition, the recent rise in the stock was in part due to short covering. I will TRY not to do any hyping BUT a price of $18 over the next two weeks is not out of line in my opinion. The vicious, nasty article in this week's Barron's certainly won't help. By all means read that article. It's copyrighted so I can't quote it extensively. This is not to be construed as being investment advice. You should make your own investment decisions.

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