Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.71

-3.1%

10:12 AM EST

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To: Finder who wrote (13415)	9/18/1997 11:15:00 AM
From: jhild	of 61433

Finder, while I am certainly a believer that there are no philanthropists in the market, and I believe that the MM (and anyone else that can for that matter) would/do manipulate the market as they can, it stretches my belief to think that they alone have controlled this slide to 35 through selling pressures. This 600 lb. gorilla goes wherever it seems to want to go. The volume is just too big. That's not to say that their henchmen, the analysts, aren't colluding to influence this monkey. But I think the open interest is more of an effect than a cause. I just don't quite see the risk reward from their point of view. That seems to me a lot of capital to tie up to capture some option premies. Besides ASND isn't the only stock they are making plays in.

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