Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.01

-1.6%

3:10 PM EST

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To: sepku who wrote (26023)	12/5/1997 1:40:00 AM
From: Schmedley	Read Replies (1) of 61433

Can somebody here give me the straight poop on any REAL news today? Has there been anything more than rumors in the options pit driving todays cataclysmic reversal? Surely after weeks of drifting downwards amidst short selling and heavy hedging by the options principals, a short squeeze panic could have been caused by anyone with the nerve to "whistle dixie". In all probability there will be decent follow through on the technicals alone, although I would have preferred to see a close at or near the high of the day. Also: thanks Lee Martin for your candid and concise analysis of current situation in the tech sector [https://www.siliconinvestor.com/readmsg.aspx?msgid=2883957] -you make a good buy and hold argument for ASND as well as the other "bandwidth" plays. Schmedley

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