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


To: Joseph Colombo who wrote (40148)3/19/1998 1:08:00 PM
From: blankmind  Read Replies (1) | Respond to of 61433
 
i do not believe this is some mm manipulation, but shorts and small investor combining. many people believe asnd will warn, although there is no basis in fact for this, so if people are selling, then this proves asnd will disappoint.

i do not believe we will close at 30 or 35, but somewhere in between, smart money is picking up the shares slowly and allowing the price to fall.

i would not be surprised to see asnd close up today, with all the selling, over 5.5 million shares, asnd still is not in the teens.