Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.29

+3.2%

3:59 PM EST

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To: Tim Luke who wrote (31831)	1/23/1998 11:41:00 AM
From: Gary Korn	Read Replies (1) of 61433

I still believe there will be buying today. My call is that asnd will head back up to the 30's next week. Now if I'm correct on this one the MM will want the stock before th end of the day which should send it up to around 29 1/2. Okay, let's play the "relatively" short term game here a bit: It's become clear to me that a lot of manipulation goes on around option expiration time to have the stock close within striking distance of the strike price with the most open calls/puts. In December, that was 25 (until the LU rumor ruined the effort). In January, that was 30. Given the fundamental strength of ASND (and the MMs knowledge of that fact), it seems that a close on the 3rd week of February would more likely be 30 than 25. That gives some comfort. As between 30 and 35 in February, I couldn't say. Gary Korn

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