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Technology Stocks : Ascend Communications (ASND)

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To: blankmind who wrote (38389)3/8/1998 4:07:00 PM
From: Gary Korn  Read Replies (1) of 61433
 
blankmind,

The open interest for the ASND March 40 strike is approaching
that of the 35 strike. So perhaps a move to 40 has support if
the overall market cooperates (a big if).

If we can get to 37 and change, I would play this the same way
I did last time: lighten up. If we go to 40, that's great. If
we retrace to 35, then at least I took some up to 37.

QQA C C_BID C_ASK C_PRC C_CHG C_VOL CTIME C_HI C_LO C_OPEN C_TV CHR
MAR 25 CE 9.75 10.12 10.12 .00 0 0: 0 .00 .00 1743 10.11 99
MAR 30 CF 5.00 5.25 5.00 .00 0 0: 0 .00 .00 9331 5.14 98
MAR 35 CG 1.25 1.37 1.31 .00 0 0: 0 .00 .00 18992 1.15 53
MAR 40 CH .13 .25 .13 .00 0 0: 0 .00 .00 12813 .06 5
MAR 45 CI .00 .06 .06 .00 0 0: 0 .00 .00 4357 .00 0

Gary Korn
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