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

To: Inga who wrote (36553)2/26/1998 7:27:00 PM
From: Stephen M. DeMoss  Read Replies (4) | Respond to of 61433
 
Out of curiosity, is there even one bear on this thread? When everyone is so bullish, it actually probably means there will be a correction. Does everyone think the market will continue straight up? Only in our dreams. For me, I bought 10 April 40 puts. I believe it is very possible that the entire tech sector will under go a correction starting with pre-announcement season next week. There will be some dissapointments. Just be careful. Steve D.



To: Inga who wrote (36553)2/26/1998 9:54:00 PM
From: John Meares  Respond to of 61433
 
Lanny

You stated "The short interest would also reduce and therefore less selling pressure."

FYI
WSJ numbers show that ASND short interest decreased greatly.

Good luck and have a well earned celebration.

JRM


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