Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: margin_man who wrote (28400)	12/19/1997 4:57:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 61433

But what can you do since the market isn't open on Sat? Patriot, The individual can do nothing. However, an option will autmatically be exercised if it is more than 1/4 point in the money or likely will be. Thus, if an aquisition was announced after the close of market on Friday and it was annouced before Saturday at noon, a person holding calls would automatically exercise their shares if the aquisition was at a premium. There are other scenerios such as preannouced earnings, etc. Glenn

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