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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST
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To: margin_man who wrote (26237)12/5/1997 11:09:00 AM
From: vegetarian  Read Replies (3) of 61433
 
So far the volume is 16M, I guess large part of it is due to short covering.
Of the 23M shorts, my guess is probably half have covered today and some yesterday.
Until we get a buyout news would be hard to maintain the price at this level based on just retail speculators so we may get some pull back in the next week if the news is not out by then.
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