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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: James Young who wrote (18570)	10/21/1997 11:12:00 PM
From: K MAC	Respond to of 61433

James Many weeks ago both Merrill and Goldman had just made positive comments on ASND after mgmt's positive comments that led to the run from 40 to 56. During that run Merrill and Goldman were very big buyers and the way up. As a matter of fact the day the stock broke resistance for the one day at 55 they bought over 1.5 million dollars worth of ASND on the offer from 54 to 55 in just one hour which helped it break above 55 for a short time. They were buying on selectnet (which is very rare for Goldman). On the way down after the Edgar filing Goldman started selling aggressively and continued all the way until it tanked after earnings. Since it has bottomed Goldman have not shown their true colors. Sometimes they are buyers and sometimes sellers. I think they are just filling orders, or are not taking a big stake at this time in either direction. Merrill has been aggressive buyer again the last few days. I will try to let this thread know who the buyers and sellers are over the next few weeks. K MAC