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

To: Gary Korn who wrote (21152)	11/4/1997 7:30:00 PM
From: uu	Read Replies (3) \| Respond to of 61433

Gary: RE: Management selling to obtain liquidity I accept that. However I look at it this way: Management knows there will be no take over, and they also know their business is not doing that great. Therefore they anticipate a dramatic drop in their stock. So they decide to sell at the 52 week low (at the time) because they know it will be the high for the stock for a long long time to come! As for your comments regarding: > If ASND management knows -- and now has publicly > announced -- that they will meet 4Q and 1998 estimates, why would > insiders sell at what was then perceived to be a market low (the > selling started before the general NW selloff)? > Answer: Liquidity. I fail to see the connection here. Why would they need liquidity if they know after their announcement the stock will start to go up again, and they can sure get a better liquidity if they sell above $35/shr?!!! And I am most confident neither Ejabat nor any of his buddies needed the liquidity of around $1 million at the time to sell with such a rush! Anyway, for now we are all stuck in this dilemma and let this be a great lesson to all of us! Regards, Addi Jamshidi