Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Gary Korn who wrote (25151)	12/2/1997 6:07:00 PM
From: Larry Myers	of 61433

>>>Someone else somewhere suggested, and it makes some sense, that this selling off of a relatively small number of shares is used for liquidity to purchase a much greater number of options (from the company, not on the market). If true, that would be very positive indeed.<<< Gary, IMO using insider selling as an argument to support a soon to happen takeover theory is the ultimate in wishful thinking but aside from that I have a question for you or anyone who might have knowledge in this regard. If a high ranking insider were to sell stock at these depressed levels for the purpose of buying options that result in a large gain in the event of a takeover wouldn't the SEC deem that to be a serious violtation of the insider trading rules? Good luck to all of us, LJM

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