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

To: Gary Wisdom who wrote (48358)	6/8/1998 9:38:00 PM
From: CJ Mark	Read Replies (2) \| Respond to of 61433

To all dear ASND Shorts: It is not the end yet. Just want to tell you how the longs like me suffered during these last few months and hope this will ease your anxiety. I started a position with one thousand shares at 54 last year, when it dropped to 43 I doubled, then went to 37, I added another 1K on margin, when it went to 26 I got a margin call and had to sell. But when it went to 23 and change. My account, (with other losers such as coms and nscp) went to only about 1/4 of the original value in about 4 months. Pain, pain, pain. I kicked myself and swallowed the bitterness, almost thought of quitting investing and terminate my own life. Painful. So who knows, one of these days, Darren may laugh again, if he and his fellow shorts can hang on tough and not get margin calls. I am sure a volatile stock like asnd may actually see some down days in the future. Again draft beer for every body, CJ

To: Gary Wisdom who wrote (48358)	6/8/1998 11:11:00 PM
From: Darren	Read Replies (1) \| Respond to of 61433

Obviously, the stock is going to move around quite a bit for at least the remainder of this week. IMHO, while it will not go up in a straight line, due to the huge number of shorts, the line will come pretty close to one. You'd be surprised how much of this stuff takes place "off-camera" so to speak, during morning pre-open and evening Instinet sessions...if the stock gaps up enough tomorrow, it would even qualify as an open short... Also, I think i sw a formula once for exactly what the buying of additions to the S&P 500 does to the stock -- I wish I could find it. It's fairly predictable...although my knowledge of the pattern is limited.