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

To: Gary Wisdom who wrote (48314)6/8/1998 6:47:00 PM
From: Lockhart  Read Replies (2) | Respond to of 61433
 
Last winter a North Carolina regional bank, BB&T, $30 billion in assets was added to the S&P 500. BB&T has approx 130 million shares outstanding, then had average daily volume of 100,000 (now 200,000). When it was added, the stock went from about $57 to $65 immediately, and has stayed in that range. Hard to extrapolate this to ASND though. The index funds aren't traders, and ASND should keep most of its gain.



To: Gary Wisdom who wrote (48314)6/8/1998 7:26:00 PM
From: garrick le  Read Replies (1) | Respond to of 61433
 
Gary,

If what you said about 30 million shares of ASND
need to be purchased by index fund before Friday,
it is going to be a great time for ASND shareholders.
Not to mention the 16 million shares short.
It is going to be a good ride the next few days.
We finally see ASND in the 50s after those dark days
last year.

Regards,

GL


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