Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 200.71

+2.4%

1:18 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bob yahnke who wrote (21695)	11/7/1997 12:30:00 AM
From: sepku	Read Replies (1) of 61433

>>>Style, 170 million float. That's alot of stock to go around. Watch the tape. Large sell blocks on the bid are still going threw. A base should form when the volume lightens up. Don't see this happening any time soon.<<< This is true...but consider the volume traded over the past 9 weeks: 491,396,000 shares -- that's almost 3x outstanding shares! For just the last 2 weeks of Sept, 192 million shares were traded! I believe that was the majority of institutional dumping, right there. When the funds leave, they pile all over each other trying to get to the exit before the price drops further. Notice how volume has been dying down for the past couple weeks... Style Pts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next