Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.68

-0.7%

10:26 AM EST

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To: Gary Korn who wrote (26581)	12/5/1997 11:07:00 PM
From: Larry Myers	Read Replies (3) of 61433

>>"U.S. OPTIONS FOCUS/Investors jump on Ascend ride December 5, 1997 05:30 PM CHICAGO, Dec 5 (Reuters) - Options investors jumped on the Ascend Communications Inc ASND takeover bandwagon Friday, snapping up calls on speculation that the computer networking gear maker would be bought out, traders said. But they said all the action was on the retail side, indicating institutional investors were staying away. "There's all kinds of retail speculation out there," said one options trader in New York. "There's an absolute flood of retail orders. Nothing institutional." << Gary, I would like to see this takeover happen as much as anyone but this is the 3rd time in 6 months the rumor has surfaced. The difference this time is the presenter was CNBC's pretty Maria. Is there any reason to think this time is different? I do agree that there is a certain amount of upward momentum with the stock now due to latest earnings predictions and the stock should not sink below 25ish and should slowly work its' way upward. Your thoughts, LJM

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