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Technology Stocks : Ascend Communications (ASND)
ASND 206.43-1.2%3:36 PM EST
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To: gbh who wrote (54715)9/25/1998 5:43:00 PM
From: Bindusagar Reddy  Read Replies (3) of 61433
 
Gary, or anyone. It is shocking to see the SHORT interest increased to
24 million this month.

4 Ascend
Commun Sept.15 August 15. Change
24,815,989 23,471,717 1,344,272

When do you think SHORTS start to cover. They are sure gutsy. I will be scared to even think of SHORT position in ASND. May be arbitrage related to SRA.
When we bounce above 55, short covering will intensify and take us straight to 65.

Any thoughts on how the Quarter is finishing at ASND.

Good luck,
BR.
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