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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: Joe Pirate who wrote (15616)9/30/1997 2:46:00 PM
From: Peter Yang   of 61433
 
>>What do you think ? The shorts start covering at $28 ?<<

If I were short I would have covered this morning right after the open. If you check the trading patterns for all those crahsed stocks, for most of them the bottom was right after the open on the day the public was able to react to the bad news. They call that PANIC SELLING!
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