Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 3:59 PM EST

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To: Jeff Jordan who wrote (22438)	11/10/1997 7:25:00 PM
From: sepku	Read Replies (2) of 61433

>>>I believe when they buy short.....usually near the top....the stock moves up! Or atleast keeps it up. When they cover their short the stock I assume moves in the opposite direction.<<< It's the opposite way around, Jeff. Shortsellers borrow shares from longs and immediately sell them (causing down pressure), with intentions of covering them by repurchasing the shares later (causing upwards pressure). Style Pts.

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