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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: vegetarian who wrote (22979)	11/12/1997 4:21:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 61433

I have seen many stocks hold up well in a big selloff and then decline right after. Also, stocks that hold up well in a selloff don't come back much when the sun comes out again. A stock holding up well in a selloff has never impressed me.

To: vegetarian who wrote (22979)	11/12/1997 5:32:00 PM
From: vegetarian	Respond to of 61433

ASND had a remarkably high call volume today at Nov/Dec 25 and 30 strike prices without comparable put volume so it is not an arbitrage situation. To me this indicates: -there is some speculation going on about some possible news in the next month or so that may push the stock higher -people buying protective calls for their short positions in the stock, but since ASND had an up day the calls have not been at their cheapest prices I suspect there may be something cooking at ASND, but it is just a baseless guess.