Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: AlienTech who wrote (14594)	9/26/1997 6:17:00 PM
From: James A. Shankland	of 61433

Someone sold 1000 ASND JAN-2000 60 Puts for 26 7/8... Wonder who wants to loose their shrits if this stock goes to 25.. Just don't loose your shrit on me :-). Somebody probably figures that, short-term issues notwithstanding, ASND's future over the next 24 months or so is bright. And somebody probably has the financial reserves to wait out a short term downturn. And somebody just pocketed $2.7M in cold, hard cash for making that bet.

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