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

To: Chi-X who wrote (22462)	11/10/1997 8:14:00 PM
From: mark alan rosenberg	Respond to of 61433

To the Chi-expert: WRONG Actually, I have seen many stocks that have been shorted up to 65%, and guess what, they've been hammered down tremendously in value. I will try to come up with some names tomorrow. 22 mil short shares on ASND does represent around 12% of the outstanding. It is a fairly significant number, and with good news on ASND the unraveling of these shorts along with buying conviction for ASND shares, could potentially lift ASND 5 points in several hours. Everyone right now is keying on the shorts bringing the stock lower. That could be a contributing factor, but frankly, what I think is happening is fear and paranoia, that is creating a buying vaccuum, as the only buyers stepping up to the stock right now are those who have conviction and a big pair of gonads to go along with it. All I can say, is those who bought today, those who bought last week, are buying a damn good company for a lot less than they would have paid during most of this year. The long term fundamentals of this company have not significantly changed, the bad news is out, and the management is approaching the future with conservativism. People like you are on this thread hoping that the stock gets "trounced", and that the blood is running in the street. And you seem like you want to continually reinforce this. What's your bag?