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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST
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To: Darren who wrote (48484)6/9/1998 9:48:00 PM
From: Gil Gilbertson   of 61433
 
I have never seen a market generous enough to let those people who
are sitting on stock at 50+ get even so easy.... You have to remember
that big bucks and big players are involved and they have a lot more
savy and info than we do. They know there are a lot of people waiting to break even and so they operate just below resistance. They also know that if the the stock goes back to the low forties
many of those people will throw in the towel and the pros can buy some cheaper stock. You can also bet they are playing full tilt
on the options.... That is, buy the stock sell an in the money option
and recoup on the correction....Its a pros game here until option
expiration is over.... Gil
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