Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 216.57

+5.9%

Nov 17 3:59 PM EST

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To: sepku who wrote (22450)	11/10/1997 7:45:00 PM
From: Jeff Jordan	Read Replies (3) of 61433

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). Are you sure? Isn't it the short selling that keeps a stock up? After all if the shorts started shorting ASND @$25 we wouldn't be going down! Right? But most likely they started covering, thus the decline...am I right? JJ

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