Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Jeff Mills who wrote (22420)	11/10/1997 6:27:00 PM
From: Jeff Jordan	Read Replies (1) of 61433

I find it interesting why no one has talked about the potential event of ASND going out of business, filing for Chapter 11 due to no product demand JM, Your joking right? I'm sure in the next day or two of trading you will see ASND move up...then pop. I would imagine the stock has been moving down because of a lot of shorts covering. All those small trades are shorts,nobody in their right mind would sell at these prices. Then you see large buys. The volume was very low today.This is a good sign. I'm quite proud I bought my call options at the days low for the last 2 days in a row. I have just finished making my position so I'm ready. I suspect this is the bottom or w/i 1.5 points. Anyone waiting to buy better do it tomorrow(is market open Veterans Day?) Because after the smart shorts finish covering there is nothing else keeping this very oversold stock down. Don't forget options expiration on the 21st. Parity is $30. JJ

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