Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: thebeach who wrote (48329)	6/8/1998 8:16:00 PM
From: Michael Harb	Read Replies (1) of 61433

Once again. Because ASND has been added to the S&P index. S&P500 index funds MUST purchase an appropriate relative weighting of ASND for their portfolios (or their funds are not index funds). This will bring in a huge influx of buying. This will also squeeze a good many shorts as well as bring ASND into the limelite for a little while. I think there is no doubt we will see 55 by end of week if not by end of day tomorrow. This is not such a stretch in this situation. mike

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