Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Tim Luke who wrote (57175)	11/13/1998 9:09:00 PM
From: Dennis R. Duke	Read Replies (1) of 61433

ASND traded today at 58% of normal volume. With volume down over 40% do you real believe this one to be in play. Instead we have the usual pause before the insider sale storm that caused me to leave this stock before. biz.yahoo.com Some VP decided that his options were not an investment, but compensation, and can't wait to impress someone with his $3.7 million. I guess I am jealous that I don't have such perks. But every time one of these guys sells, the market pauses and wonders what they know. If your not really familiar with ASND you're sure it is something bad. But if you know this stock, it is just some greedy person taking their short term money at the expense of the market and the rest of the shareholders. These insider sales make this stock a day traders paradise. Like clock work, you can count on greed to cause rumors to push the price down. I just wish I was a day trader rather than holding for longer periods. Long at $50 and change, and afraid the insider selling could cause my position to be negetive again. Held from $46 to $22 and back, as many here have, and don't want a repeat! And still kicking myself for selling at $37 to cover margin calls. Later, Dennis

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