Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Stimpson J. Cat who wrote (37138)	3/3/1998 2:21:00 AM
From: Jack Colton	Read Replies (2) of 61433

<<"Folks are underestimating the options sales. I believe they exceed a million shares. Selling a million shares at the opening can really hurt a stock's day. Other traders probably bailed after seeing that. At least the ones who didn't know about the "options" day did. Next week $39">> Well, let's investigate that my fine feline friend... All of these networking engineers sell their options and lower their own company's stock value in the process. But they take that money and go out and get themselves that New Fangeld Laptop they've been wanting since Christmas. - Or else they read these threads (like all the rest of us networking engineers - pretending to be doctors and retirees) and put their money in a competitors business, thus driving up the prices. That would indicate a huge rebound tomorrow, if ASNDs competitors buy ASND instead of that New Beetle. But, ASND lost 10% of its value on less than 8 million cumulative shares traded in less than 1.5 days. (that's not too many shares for ASND lately, and when the volume has been low, the price has tended to drift upward) Would your options trading premise conversely imply that one strong buy at the opening tomorrow should more than recapture the previous 1.5 days losses? - I don't think so, but it's just a hunch. I may have to lower my limit purchases below 24.125 tonight, for fear that the options trading alone did not trigger the activities today. Jack

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