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Technology Stocks : Ascend Communications (ASND)
ASND 216.57+5.9%Nov 17 3:59 PM EST
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To: Sector Investor who wrote (44475)4/15/1998 3:27:00 PM
From: gbh  Read Replies (2) of 61433
 
Up on heavy volume today. It seems the reluctant big buys are now starting to step up. Each little pullback, is being met with more heavy buying. The big guys may be too much for the option MMs to overcome in their quest for 40.

Open interest on the 40 calls represents about 1,600,000 shares. Better have some well timed selling to overcome the 9,000,000+ shares traded today.

But who knows, I never much believed in the "option expiration/open interest" theory anyway, especially for high volume stocks. Probably because I don't understand the theory to begin with.:)
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