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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: gbh who wrote (54365)9/17/1998 9:11:00 PM
From: gbh  Read Replies (2) of 61433
 
I guess I missed the CNBC piece. Sounds like from the few comments here, and the action in ASND stock, that the takeover premium may continue to build over the next few weeks.

Seems like we may have the making of a few week rally.

1) Mory on CNBC stating LU/ASND very compatible.
2) LU analyst meeting today at which something obviously leaked out and drove the stock wild.
3) 10/1 looming.
4) LU chomping at the bit to compete with CSCO head to head.
5) 1 through 4 adds up to short squeeze.

I may have to rethink my LU/ASND position and load up on some pure spec out of the money calls. OCT 55's may be a good play.
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