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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST

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To: djane who wrote (43728)4/11/1998 12:24:00 AM
From: Mike Farrar  Read Replies (1) of 61433
 
ASND OPTIONS

If the MM's were in any way to manipulate ASND then they
would do it to the downside to 35. The open interest for
the the April/May 40 and 45 calls is more than double
the open interest of the April/May 40 and 35 puts. Gee,
I wonder which way they would want the stock to go
to generate themselves the least amount of loss
possible? This is one important factor that many
people have overlooked, considering next Friday
is option expiration day.

Jeff
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