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Strategies & Market Trends : Tech Stock Options
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To: Judy who wrote (22180)9/7/1997 11:12:00 PM
From: Joel Brussell   of 58727
 
Hello Judy:

Interesting that Michael is getting negative money flows on ASND.
Technically I wouldn't be suprised to see this stock completely break down.
The weekly chart shows the mother of all tops. Any break below 40 may confirm this.
I expect them to lay an egg any day now. Much more than they're just going to miss their quarter.
If I had any sense I'd buy out of the money puts. but the technicals could turn on a dime with any rally.
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