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


To: peacelover who wrote (37857)3/5/1998 7:30:00 PM
From: dykerted  Read Replies (1) | Respond to of 61433
 
Long time listener, first time caller.
Great info disseminated here!

That said, anyone know whether ASND
indicated confidence in Q1 numbers
during conference(s) of past several days? TIA



To: peacelover who wrote (37857)3/5/1998 7:33:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Could it be that INCA was privy to the MOT shortfall. If so, ASND being the whipping boy for every tom and harry stock shortfall, they may have figured it will be down tomorrow. So why not bail out a day early.

Peacelover,

INCA handles trading by institutional accounts and broker dealers. Someone was selling ASND heavily through INCA late today. It could well have been someone who had a heads-up on the MOT pre-release.

FWIW, at the end of the day the INCA selling had stopped and both INCA and GSCO were on the bid.

Gary Korn