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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%Dec 10 3:59 PM EST
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To: Observer who wrote (17938)10/16/1997 5:39:00 PM
From: vegetarian   of 61433
 
>>So what made it move up today when the rest of the market is down big time?

Too many October puts in the money as against Oct calls.
Open interest shows only 2480 calls in the money whereas there are about 19K Oct puts in the money, so we can go up some more before
tomorrow's market close and then back down next week.
Carl Rohman might have a better explanation if he reads this
thread.
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