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

To: Mama Bear who wrote (27426)	12/10/1997 6:27:00 PM
From: Larry Myers	Respond to of 61433

Barbara, >>>"Shorts close their positions by buying. But I'm sure you knew that. As I said, I got my profit, you can run it back to the thirties now if you like."<<< Good grief Barb! Now you've given the takeover buffs new hope. If the shorts are covering, it must be because they are afraid of the soon to be announced big takeover bid!! Congratulations on your profit, LJM

To: Mama Bear who wrote (27426)	12/10/1997 7:27:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Shorts close their positions by buying. But I'm sure you knew that. As I said, I got my profit, you can run it back to the thirties now if you like. Barb Barb, I went back through this discussion between you and Gary. There are some inconsistancies here. Gary indicated the stock was being acculated by institutions and not by retail. His block trades seem to indicate that. Secondly, there were a few days with close to 20 million share volume and theses were the up days. I doubt the retail buyers could generate that much volume. It would be my guess that the "big money" was accumulating shares based on the rumor or fundamentals depending upon which school of thought you with which you agree. The present buy of blocks would likely be instiutions and if they are covering shorts, they hand to short in the low thirties to make it worh while. Congradulations on your trading ASND successfully. I was just wondering why you feel the rumor was spread to bid up the stock so the instituions could exit when it appears the instituions were buying. Glenn