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

To: sepku who wrote (26028)	12/5/1997 7:52:00 AM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 61433

Style, my point is this: last month, while we were in the low 30s, this rumor started just in time for expiration day. I wonder how many momentum investors jumped in at 35, to later see 22. Now, we have a sudden rise, that could very well be attributed to the investors conference comments, that makes sense. But, for this stock to rocket back to 35 on the rumors, I would have to say that smart money is going to make a killing on the short. The point is, where do we settle in price, prior to any upgrades being anounced, and can we discount the enormous short position ( I doubt they will cover on rumor) ?