Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

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To: Scott who wrote (11395)	9/10/1997 6:41:00 PM
From: P.T.Burnem	of 61433

To all: here's the latest scoop on ASND... An ongoing epic struggle over ASND @ $40 is apparently derivates-related. Several hedge funds with large long ASND positions are rumored to be going for broke in a desperate attempt to keep ASND at or above $40 until the end of the next week (sounds like someone sold a trainload of out-of-the-money ASND puts). It is said that if the funds fail to sustain ASND above $40, they may be forced to unwind other positions potentially trigerring an overall market decline. Take care, PTB

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