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Technology Stocks : Ascend Communications (ASND)
ASND 202.96-2.8%Jan 9 9:30 AM EST

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To: Finder who wrote (10817)9/8/1997 9:30:00 PM
From: john dodson   of 61433
 
Check out put prices. Spetember 35, 5 points out of the money with only 9 days remaining is still going for 1/2.

Uhh. The Sep 35 calls are 5 1/2 in the money. See:

webservices.pcquote.com

I also don't have a very good feeling about tommorrow's action on ASND. Wouldn't be surprised if it either opens below $40 or has a very weak (and short) rally in the a.m only to slide below $40.

The trend is not good!

-John Dodson
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