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


To: Nick Kuritzky who wrote (46608)5/11/1998 5:55:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 61433
 
Its not a conspiracy, only the forces of the market.
7000 calls represent 700,000 shares. 1/2 of the daily volume is
double-counting, 1/2 of that is daytime positions, 700,000 shares going a certain way will push it. Stocks (especially like ascend) can and will drop 10% for no apparent reason at the drop of a hat - its just "its time to go", as they say.

Greg