Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: John Meares who wrote (59931)	2/12/1999 12:44:00 AM
From: Jan Crawley	Read Replies (1) of 61433

Anyone have a speculation as to this lag? When will ASND catch up? If it doesn't catch up, is the nix deal theory plausible I can try for one of the reasons/specuations: 1. Asnd's short interest dropped from 17.7M in Dec/98 to 9.6M in Jan/99 after the merger announcement. There is less "short covering" to enhance the price movements during market swings. LU at the other hand, may have more. 2. Some large instituions own both LU/Asnd shares and are re-adjusting their portfolios/positions by reducing their Asnd holdings from time to time; creating some additional selling pressure.

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