Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.16

-0.9%

2:02 PM EST

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To: Tim Luke who wrote (60459)	3/26/1999 12:01:00 PM
From: JH	Read Replies (1) of 61433

The arb spread between LU and ASND was $5 in mid-Jan, peaked at $9-1/2 in late Feb., and has fallen below $5 today. The acquisition seems certain, and I believe ASND will rally after the LU split, so I agree with you. Just wondering whether it would make sense to daytrade ASND by selling into resistance and buying it back $0.50 cheaper. With the large position I have, it's a worthwhile profit. My intraday TA shows that the rally in ASND may fizzle a little here. Volume has dropped (lunchtime ?). Do the LVL 2 screens show anything interesting?

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