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

To: Finder who wrote (45858)	5/1/1998 6:37:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 61433

I am still puzzled by the huge increase in short interest in the last reporting perid. I wonder what is causing the shorts to like this sotck so much, also performanace on days like today is trobuling. In Reminiscences of a Stock Operator, the author notes that manipulators cannot keep a fundamentally strong company down in the long-term. Yes, they can shave 10%-20% off a stock price, but at that point, company insiders, who know the true value of the company, will step in and buy. If you believe ASND is fundamentally strong, and assuming the worst (that a skilled and tenacious group of manipulators is trying to depress the price), then the 5 percent drop off recent highs is simply a buying opportunity. Shorts can't depress a stock price over the long term.

To: Finder who wrote (45858)	5/1/1998 8:20:00 PM
From: Spaw	Respond to of 61433

Finder, All you have to do is look at the chart. ASND is hitting its head on upside resistance. I expect some choppiness/volatility in here. My chart shows problems in the 44-45 range. ASND had similar trouble getting past 36-37 back in Feb.-Mar. Technical shorts look at this and sell near resistance to capitalize on resistance driven pullbacks. Performing this shorting strategy causes a sharper pullback. We should be trading in the 40 1/2 to 44 range for a little while now. I'm hoping asnd will follow CSCO up into their earnings so I can close out my calls. Looking to go long the stock in the 40 area after that. My $.02, --spaw--