Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Gary Korn who wrote (35714)	2/21/1998 3:17:00 PM
From: username	Read Replies (2) of 61433

As I understand it, they are short at 50+. So they have a "cushion" right now. I believe it is interesting that they would say that they felt it was a good short *right now.* Looking at the chart, if I were short at 50, I would have been out below 28, and for sure below 34. Had they bailed at 25, and they had TONS of opportunity, they would have done really well! I think they are playing catch-up now, which is why I say that they need to look at the chart. When ASND breaks 38, if they don't cover, they are making a big mistake. Anyway, the heck with those guys! Who knows how many shares they are short, and remember it's a hedge fund, so they are probably long some calls. That's the way the game is usually played. Let 'em short all they want!

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