Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 203.85

-3.4%

2:06 PM EST

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To: Sector Investor who wrote (34666)	2/12/1998 11:03:00 PM
From: Gary Korn	Read Replies (2) of 61433

3. Spike up today on lots of big blocks - clearing the way ahead of preset sell orders and possibly signalling the return of momentum players to ASND. Sector, I don't know about your other items, but I got the impression today that the spike was a test run for a 35 close at February options expiration, somewhat consistent with your observation. Perhaps as grease for the above, there has been some non-news: official ASND/ATT announcement (not), ML upgrade (not), takeover (not). If we hover near 35 by mid-week next week, and some very positive news is then released, it certainly would be difficult to hold ASND to 35 at expiration (remember expiration about 2 months ago, when they had the stock right at 25 until the LU rumor popped in the last 2 hours of trading). Gary Korn

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