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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: Mikhail Rasolis who wrote (19686)11/10/1997 6:59:00 PM
From: Mikhail Rasolis  Read Replies (1) of 61433
 
According to Baseline 55% of Ascend still owned by institutions.
That number was as high as 80% in the mid of October.

Lots of institutions still seating on huge paper losses and they'll
probably continue dumping ASND for tax purposes. If so, ASND might see
a good day only by the end of January.
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