Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 224.22

+1.0%

Feb 10 3:59 PM EST

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To: AlienTech who wrote (3687)	6/9/1997 5:59:00 PM
From: fedhead	of 61433

BAsically institutions wanting to unload have already unloaded. They are waiting on the sidelines now, hence the relatively low volume. If ASND meets the numbers and doesn't raise any alarms these people will fall over themselves to buy ASND and it could quickly move back upto th 60's. If OTOH they have a negative conference call , ASND could revisit the 30's. I don't think there will be any significant action till earnings. Way to play this in my opinion is to buy out of the money 55 calls and 40 puts. Hopefully the stock will move big time one way or the other. Anindo

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