Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.59

-0.8%

Nov 7 9:30 AM EST

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To: The Phoenix who wrote (31256)	1/20/1998 6:59:00 PM
From: uu	Read Replies (3) of 61433

Gary, Well since you were more specific as why ASND should go to $40, here is one rational (in the short term anyway): ASND currently has over 20 million shares shorted (average daily volume is about 6 million - see viwes.com ). A lot of people betting that ASND will not come through. Now with all this bullish talk about future outlook and the con-artists (i.e. analysts( upgrading the stock to BUY, a lot of these shorters are going to panic and will cover resulting in a nice squeeze. This squeeze alone should push the stock up at least 20% to bring the shorted shares back down to about ASND's historical shorted interest of around 8 million shares (prior to its troubles last year). Now you add any additional buying from money managers and small guys on the street and before you know it, this stock is back in the $40-$50 range! (that is of course Mory does not open his mouth in such a manner that is forced to fit his foot in it later)! Regards, Addi Jamshidi

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