Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: Dennis R. Duke who wrote (43968)	4/13/1998 10:52:00 AM
From: devil ray	Read Replies (2) of 61433

EOM you are throwing money away buying aprr40's. This stock will not see 40 for quite a while. If you look at the chart thurs. was a reversal day. We will test the recent lows in the 30's. The apr.35's look mighty cheap given the stocks weakness. Why don't you guys give in! Admit things do not look as good as you think. I'ts time to throw in the towel and admit asnd looks bad. It looks like we will find support at a level for a little while and then break lower as a new selling wave hits. See 35 in the distance. One big thing I noticed is how option call premiums lost premium on all months substantially more than they should have for just a 1 1/8 drop. This shows the #'s and c.c did NOT meet expectations as I originally announced after I heard them. I wanted .28 or better and obviously others did too!

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