Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Sector Investor who wrote (43714)	4/10/1998 11:39:00 PM
From: djane	Read Replies (2) of 61433

Look, the stock market isn't that tough sometimes. A bunch of people bought 35 and 40 puts for the coming months thinking that most networkers were doing badly, Q198 is traditionally a slow quarter for networkers/telecom equipment and there would be a market correction that would take down everyone. Guess what? It didn't happen. So, the puts will expire worthless. Hey, if I had bought puts, I would flood the boards with lots of desperate arguments. Oh well. Looks like ASND has formed a strong base on its way to $60. Personally, I want people to buy puts and short ASND. Please do. djane

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