Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (30331)	1/14/1998 11:35:00 AM
From: Gary Korn	Read Replies (1) of 61433

On the Jan 30s, I'm thinking now that ASND is going to pretty much dance around 30 through expiration. There will be pressure to move it up to 30, and pressure to keep it from going above 30. That being the case, I'm guessing it makes sense to either sell the 30s at anything above 3/8 today, tomorrow or Friday. (I know I'll be wrong.) Incidentally, this also makes holding of the underlying stock attractive, for it seems relatively secure in this range. After options expiration and after the Tuesday conf. call, I'm thinking that ASND will be freer to make a reasonable move past 30, of least a few points. Gary Korn

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