Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.59

-0.8%

Nov 7 9:30 AM EST

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To: Jeff Jordan who wrote (18698)	10/22/1997 4:07:00 PM
From: Gary Korn	Read Replies (2) of 61433

Jeff, Looking at lvl2, it appeared to me that Dean Whitter wanted to dump some stock late in the day. They had the lowest offer price for a while. Merrill kept its offer at 35 even while the stock dropped to 34 1/2 (although Merrill later came down). By the end of trading, Dean had upped its offer back to 35, which is where Merrill ended the day. Most MMs ended at 36 3/4. Now, as it is after-hours, INCA takes over. It is starting after-hours at 34 1/2 to 34 3/4. I'll post after hours trades in a bit. I think today was a non-event as there really did not seem to be any institutional movement to speak of (sorry for ending with a preposition). Gary Korn

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