Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: Gary Wisdom who wrote (48358)	6/8/1998 11:11:00 PM
From: Darren	Read Replies (1) of 61433

Obviously, the stock is going to move around quite a bit for at least the remainder of this week. IMHO, while it will not go up in a straight line, due to the huge number of shorts, the line will come pretty close to one. You'd be surprised how much of this stuff takes place "off-camera" so to speak, during morning pre-open and evening Instinet sessions...if the stock gaps up enough tomorrow, it would even qualify as an open short... Also, I think i sw a formula once for exactly what the buying of additions to the S&P 500 does to the stock -- I wish I could find it. It's fairly predictable...although my knowledge of the pattern is limited.

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