Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.01

-0.8%

Nov 10 3:59 PM EST

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To: Tim Luke who wrote (28216)	12/18/1997 1:08:00 AM
From: sepku	Read Replies (3) of 61433

>>>Just my opinion but I don't think it is wise to short a stock like csco after it splits. Just think of all the people who will jump on the stock at this price.<<< Hey, look at CYMI, one of the finest companies ever to grace the business world. It splits, and then promptly gets crushed by management skipping a conference, ridiculous rumors of its manufacturing plants on fire, ignorant analyst assumptions, the panic dumping by the momentum traders, misunderstanding of its high-tech business by the market in general, 50% its float being shorted, etc. My 3600 shares got sliced in half to 50% original value today, after being up as much as 35%! Yeah, it split alright! Style Pts.

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