Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: invest04 who wrote (17995)	10/17/1997 6:24:00 PM
From: Andrew White	of 61433

<<<Ok, so what we have is the UBS report and Mory's comments that came out today...so I am to conclude that someone was so impressed by Mory's tie, that he (or she) decided to spend $17million on the stock...and some other folks, cause they are a good-hearted group, decided to buy 200k and 100k after the close at a price higher than when it closed, even though the general market tanked along with almost every other tech stock. >>> Heh.. well Stephen, we now know why those trades took place. And we know why there was that 500k buy at 33 7/8. He could have sold today at 35 1/2 and made 1 5/8 on 500k. Not too shabby for holding it one day. :-) However, I'm pretty sure the 500k buyer is still holding his 500k. He's looking for $50+ I'll wager. Andy

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