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


To: ENOTS who wrote (28994)12/31/1997 11:28:00 AM
From: Yiota  Read Replies (2) | Respond to of 61433
 
Hello Enots,

I THANK YOU very much for sharing this information with me.

I also, have done some research on CCUR, and it is as you say in a
few words, an amazing story.

Do you know anything about the two block trades yesturday,
1- 15:01 EST 150,000 shares $ 1.25/32
2- 15:02 EST 150,000 shares $ 1.13/16
Both were negative ticks, anyway that does not mean much a Trade
is a Trade, Could insiders be buying? the two block trade are huge
in size compared to average trade daily!

Why the downtrend from late October/97, and not oversold yet?

Short positions in Oct/97 were 60,611
in Nov/97 were only 16,970 shorts covered 28%
could it be because of the 2 mill, U.S.NAVY CONTRACT.

Why is it trading around $2.00 , with a P/E of 9.5, Very cheap?
but the question is why?

GOOD LUCK!

Hoping to hear from you.

Giota