Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Sonny who wrote (51995)	8/13/1998 1:14:00 PM
From: Spaw	Read Replies (5) of 61433

Sonny, I trade full time and watch Ascend like a hawk. Today the AMEX MMs bought 1000 Dec. 50 puts and sold 1000 Dec.50 calls. That is a bearish trade and the MMs are usually right. Also, there is heavy action in the Sept. 40 puts: over 4000 traded. Additionally, from a technical standpoint, ASND broke its ascending trendline on July 31 and has been unable to move back into the channel. It is in a sideways to down(trend) now. I love this stock and have made all kinds of money trading it. Right now, the best way to trade asnd is from the short side. I will say, however, that we should see a solid rally in Sept. in anticipation of The Lucent deal. Just my $.02, --spaw--

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