Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Harold S. who wrote (24241)	11/21/1997 12:59:00 PM
From: Jeffery E. Forrest	Respond to of 61433

Thanks for the short interest figures. I have to disagree that it will have decreased dramatically On the morning of the 27th you had a ~$33.50 stock. Anybody shorting previous to the 27th would have a VERY tidy profit in a short time and by now would have to have given some serious thought to covering that short. I guess we will find out> Should be interesting. It would not bode well for ASND at all if short interest were to stay at approximately the same levels as you suggest. A high short interest does not happen for no reason. It has been shown time and time again that a heavily shorted stock is probably shorted for good reason and should be considered a negative if you were thinking about playing with that stock. If the SI were to stay the same or actually increase, I would RUN, NOT WALK, away from this stock. Take a look at your own figures. Increased monthly SI shows a direct correlation to the decrease in stock price. Thanks again. Live long and prosper.