Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.03

+0.4%

2:47 PM EST

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To: joshi who wrote (22307)	11/10/1997 12:08:00 PM
From: Kumar Nathan	Read Replies (1) of 61433

Joshi: I think current weakness are due to involuntary selling by hardcore investors. I mean this as margin squeeze. Any further weakness will be with low volume. This implies the transfer of ownership from small guys to institutions. Small guys still think that the bottom hasnt reached. But the institutions knows the pulse of this stock and trying to collect upto the last drop they can get. I hope I make some sense. Regards Kumar

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