Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Harold S. who wrote (22358)	11/10/1997 3:13:00 PM
From: Harry Ehrlich	Read Replies (2) of 61433

Sorry, I'm not one of the more knowledgeable shorts, but I am short. I intend to cover, as there is a possibility that the stock will move towards 30 at options expiration (25 at least). My signal to cover will be volume. The typical morning pops do not represent much of a threat. The low volume pops sell off very quickly. When I see 2,000,000 shares at 9:45, I will begin to sweat. Interestingly, the last high volume move sold off as well. This was the "Lucent buyout" rally, right before expiration. So, I will cover on volume, prior to expiration. Most likely, my next move after that would be to sell short into the rally (again). Harry

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