SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sector Investor who wrote (41089)3/25/1998 10:17:00 PM
From: Samuel Wayne Turner  Read Replies (1) of 61433
 
Beach,
You have asked the exact same question that I am dying to know and it wasnt vague. I have my own private theory which is pure conjecture and most likely 1000% off the mark, but I think many of the weaker hands and people who were shaken in lasts weeks considerable pullback eagerly took profits just as the big boys( fund managers, professional traders, etc. who have been made privy to the usual, they know and we the little guys dont know,information and are piling into the stock) rode into town. I note a number of people on this thread and others lament that they didnt take profits when we were at 37 or 38. I think they were so intent on getting those profits when it started vaulting up in the last three days that they didnt notice or reflect on the amazing volume today. I believe that the stock would have risen another point or two if it werent for so many people wanting to get out with a profit. Perhaps Tim Luke is actually correct this time and we are indeed on our way to 40-42 in short order. I know I am holding 2k shares long and had 10 Sept 35 calls and took a chance yesterday and jumped on 20 April 35 calls yesterday because I thought we were going higher, so far so good. Like I said, I am probably just lost in the woods, but todays action was amazing to me with no real news and the other networkers not really following suite so barring enlightenment from another source I offer my own theory.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News