Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (33759)	2/6/1998 7:19:00 PM
From: Matt Webster	Read Replies (1) of 61433

At Expiration... I think ASND will not get to 40 by expiration. The tech rally will come to an end next week sometime. The gains in ASND are getting harder and harder to justify on a fundamental basis. The only way it gets to 40 is in renewed takeover rumors, and one should not count on that. If you must by out of the money calls, make sure to allow some time (July/August). I predict that ASND stays at 35 at expiration. For those keeping track, that is a five point move in the past month, which isn't bad. In renewed Asian contagion market, Ascend could once again test 30. I would consider that an opportunity to open a hedged long position -- long the shares and long the near expiration put. This is the year of upgrading the backbone and voice over IP. Good luck, Matt

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