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Technology Stocks : Ascend Communications (ASND)
ASND 212.55+1.2%12:59 PM EST
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To: Thomas M. who wrote (27068)12/9/1997 1:19:00 AM
From: jach  Read Replies (1) of 61433
 
<heavy options pressure to keep ASND at or below 30 by expiration.>

on the other hand, because of heavy options at 30 and
35 strikes, if ASND can muscle into mid 30s in the next few days
(better in short bursty upward movements) for whatever reasons
(news, rumors, and/or more buyers ..), it can very easily rocket to 35, and maybe to near 40'sh.
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