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

To: mark joyce who wrote (27072)	12/8/1997 11:40:00 PM
From: sepku	Read Replies (2) \| Respond to of 61433

>>>excellent argument, but it fails to explain why most of the action in the last few days has been from the retail sector and not from institutions.<<< I read the same article that presented that observation, however I find the idea of mostly retail -- little institutional trading, as difficult to believe and little more than conjecture. Besides, wasn't the article referring to options trading? From the block trading data Gary posted on Thursday and Friday, how could the couple dozen blocks, many of which well exceeded 20K in size, be considered retail investor activity? Even at $25/share, 20K is 1/2 million $. Unless we can access data somewhere that tells us precisely which trades are institutional and which retail, we can't know for sure. We can only go by the block sizes and volume. In just TWO days, in excess of 40 million shares of ASND changed hands. Even at a rough midpoint of $28, between the 22 -- 33 range, we have $1.12 BILLION of equity being exchanged. And there's supposed to be mostly retail activity responsible? No way. Style Pts.