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

To: Gary Korn who wrote (24322)11/21/1997 3:33:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
<<From 11/12 through 11/20, they total over 5MM shares. Far more often than not, when I check them, these are purchases of ASND:>>

And yet the price isn't rising. That's very revealing. Apparently
someone(or several someones) is buying whatever the market will bear on any given day, while the negative news is still prevalent, and there are still plenty of others getting disgusted and selling.

I'm beginning to warm to your theory.



To: Gary Korn who wrote (24322)11/21/1997 5:23:00 PM
From: Jeff Jordan  Respond to of 61433
 
Gary,

Thanks, I knew, you knew you had it in you! Add a add a BOY!

so we are at what 3%? If current theory is correct expect a big push. Right? Also now that expiration is over we are free to move above $30.



I've totalled (approx) block trades (20,000 or greater) since they picked up on
11/12. Before that time, there were very, very few such trades (e.g., on 11/11, the
total was 65,000 shares).

From 11/12 through 11/20, they total over 5MM shares. Far more often than not,
when I check them, these are purchases of ASND:

11/11: 65,000
11/12: 277,000
11/13: 1,136,000
11/14: 573,000
11/17: 640,000
11/18: 1,323,000
11/19: 722,000
11/20: 478,000

So far on 11/21: 268,000.
Incidentally, the last such blocks, 20,000 at 3:02 p.m. and 21,000 at 3:20 p.m. ,
went off at 25 7/16 and 25 1/2 respectively, which was, again, the then current

Jeff


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