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Strategies & Market Trends : Tech Stock Options

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To: Larry Segal who wrote (2234)	6/5/1996 12:10:00 PM
From: Pascal A. Mons	of 58727

Hi Larry, ASND support is $65, resistence $70 and quite stable for 2 weeks. CSCC moved strongly today and since it splitted last week, they are in similar fortune though different segments of the Networking (Internet) market. ASND is almost one month away from Q2 announcement, there is still no news about a split, the backdrop is ... not favorable, somewhat down and wait and see till Friday. I am still long on ASND, the economy looks stronger and should not hamper profits. Actual volume is slow, I think the results will be good (above expectations) and buying at these levels look safe. I don't see a strong rally before Q2 earnings are out (July 8th or 9th ?). However the stock moved up only 20% since last Q1 report versus ~80% in the same previous period (after Q4 '95). That should give fuel to a run-up if EPS growth is still close to 200%. They may as well announce a split... which will not be a bearish sign. I don't know CBTSY. I am waiting for an on-line account at Lombard to trade options... It's not possible at Merrill Lynch.

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