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Technology Stocks : Ascend Communications (ASND)
ASND 217.17+0.3%Nov 18 3:59 PM EST

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To: Jeffery E. Forrest who wrote (43625)4/10/1998 3:14:00 PM
From: devil ray  Read Replies (2) of 61433
 
After monday if this stock does not move up I think I am going to shift over to the internet stocks.I will buy bothcalls and put and let the wild swings make me money.Premiums are expensive but stocks will move enough one way or the other.When this market cracks so will the internet stocks.I like short term calls and longer term puts.Now back to asnd people seem to be forgetting the fact that the revenues came up short.Sure they said demand looks strong but isn't that what we have been hearing for the past couple months? It looks to me like in that last hour yesterday that people with some inside info. took profits knowing there really was nothing big going to be announced. That rumor of something big?Who the hell started that? It even suckered me into buying may and june calls. Rumors of something big and then they tell us .26 and that's it? I know many analysts were privately expecting more. This stock is the victim of over hype and it looks like I got caught up in it. The way it stands right now I don't think I want to pay the $125 because these threads influence my trading strategy too much.The consensus estimates were for .22 all the way to .28 on the high end.Most calls were at .25 but with the recent momentum people were expecting near the high end. You can keep hyping this stock all you want but it is going down unless the revenues start kicking in.
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