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: Tech Bull who wrote (52070)	8/14/1998 1:03:00 PM
From: Jan Crawley	Read Replies (1) of 61433

I am watching the puts; the big MMs bought puts when Asnd was close to $50 the day before, pushing the price down due to options expiry and light volume. They may take a quick prifit on their puts.....etc.. Asnd is a prime take over target with strong position, relatively large short interests, lots of buy interest, covering in the following weeks to come... Very difficult for many to write off the LU/Asnd premium in large measure.

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