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

To: Perry P. who wrote (45604)	4/29/1998 1:40:00 AM
From: Jan Crawley	Respond to of 61433

Hi Perry, Asnd's past 5 days trading volumes were lower than it's average daily trading volume: 4/22 -- 4.9M shares 4/23 -- 4.9M 4/24 -- 3.9M 4/27 -- 6.5M 4/28 -- 4.8M My humble opinion is that Asnd's current share price is somewhere between attractively valued and reasonably valued in the short term. Therefore, Lack of serious buying/selling has been keeping the stock in a trading range with largely trading activities. However, due to the large increases in short interests from March to April, we maybe "surprised" to see some shorts effort either to pressure the stock price downward(in order for short-covering); or shorts covering activities whenever general market conditions induce Asnd price corrections. The above just my thoughts only. Jan