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Technology Stocks : Ascend Communications (ASND)
ASND 199.63-1.4%Dec 18 3:59 PM EST

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To: Gary Korn who wrote (18181)10/18/1997 12:39:00 AM
From: BBoron   of 61433
 
Gary, don't bother calling Track Online, you will never find out who INCA is. INCA is Instinet which is an ECN similar to Island, Bloomberg. Only the traders know who is buying/selling on INCA. On a seperate issue, it was very interesting to watch ASND on Level2 today.
Merril was buying all day and Goldman was selling. Why?? Because these 2 firms stood to gain the most $$ from ASND closing at $35. Merril and Goldman sold the majoity of the 35 calls/puts and will collect all the $$ from these worthless options. I traded ASND about 6 times today....very predictable pattern if you could watch what Merril and Goldman were doing. What happens next week is unknown but today was completely controlled by 2 large institutions.

Brian
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