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


To: djane who wrote (46703)5/12/1998 1:56:00 PM
From: Darren  Respond to of 61433
 
**OT** COMS 14M shares, down 3/4. Huge volume lately. Any particular reason?

I saw that too. Looks like someone is rotating out, so the stock isn't plummeting, but it's 2x daily volume today...



To: djane who wrote (46703)5/12/1998 2:08:00 PM
From: gbh  Respond to of 61433
 
--OT--

djane, if you can, go look at a daily volume chart. I count 5 blocks between 500,000 and 1,000,000 shares around 11:30 today. And during a bounce off the 30 level. Seems some big guys are stepping up at 30.

Maybe near the bottom?

Gary



To: djane who wrote (46703)5/12/1998 5:04:00 PM
From: Dennis R. Duke  Respond to of 61433
 
Re: COMS. Last week their CFO told the street there are margin problems. I was it expecting that the give ASND a panic buy-in point, but it was followed by upgrades on Friday.

I have not researched this. I heard it on CNBC and watched the stock trade down.

Dennis