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Technology Stocks : Ascend Communications (ASND)
ASND 202.47-4.5%Dec 17 3:59 PM EST
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To: Marco Riggi who wrote (38882)3/12/1998 9:48:00 AM
From: George Coyne  Read Replies (1) of 61433
 
I think your reasoning approach is sound, but your numbers are faulty.

1. The reported volume is actually ~ 2.5 times the number of shares changing hands in the "public" (per recent discussion on this thread)

2. A large % of volume is due to active short term traders.

G. W.
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