Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.76

+0.6%

1:32 PM EST

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To: Jan Crawley who wrote (52009)	8/13/1998 2:04:00 PM
From: Spaw	Read Replies (1) of 61433

Jan, I am traditionally long the stock as well, also loading up periodically on calls. I was about ready to pounce yesterday when I saw the powerful rally in the stock at the end of the day. Agree that 1000 contracts is not that big of a deal, but I have watched countless times when the MMs in the pits go bearish, stocks usually come under pressure. Keep in mind that this could be a short term move. We do have expiration next Friday. My guess is the stock will move to 45 during the next week into expiration. But what do I know? I'm only a day trader. --spaw--

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