Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.78

+0.7%

10:23 AM EST

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To: Ron who wrote (49025)	6/18/1998 11:32:00 PM
From: CJ Mark	Read Replies (1) of 61433

to all, It looked to me as the traders took profit in the end of the day. If they started somewhere around 49.5 with good size, the profit is tempting not to take. Who knows about tomorrow, any way. Remember, tomorrow is option expiration date. In the past, Asnd price had been miraculously closed near one most active strike price. So maybe tomorrow we will see somebody try to fix the close price at 50 and pocket all the premium they have writing the calls (and puts). So do not be discouraged if tomorrow we do not see a big move. Next week she will ascend. Good night and sweet dreams, CJ

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