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

To: Finder who wrote (23204)	11/13/1997 11:42:00 AM
From: Kevin	Respond to of 61433

All:Any word on Mr. GREEN's speech? Is this market just waiting for news and go down?

To: Finder who wrote (23204)	11/13/1997 11:46:00 AM
From: Fran	Respond to of 61433

I think I am getting use to this downward trend and would be shocked if it turned around. I started investing at 40 and kept bottom fishing until 26 and am shocked that it is still sliding. All I can say is ???????????!!!!!!!!!###########??????? This stock sure does get a lot of attention on the bb. Fran

To: Finder who wrote (23204)	11/13/1997 11:47:00 AM
From: Harry Ehrlich	Read Replies (2) \| Respond to of 61433

Question on options: I've been reading up quite a bit on options, and I have a question, complete with assumptions and all. Looking at open interest, one can't tell who's doing the buying or selling. We just know that a call was both bought and sold. My assumption is that the public buys the calls/puts, as it is less to lay out than the stock would cost. I also assume that the MM's and sophisticated traders (some on this thread) sell the options and pocket the premiums. There is much risk and so I believe it is the pros that sell to open. I will omit the hedges and spreads for now. So, if the MM's are selling the calls, they want the stock to stay below the strike price, so the call can expire worthless. Therefore, why has it been claimed that the MM's are manipulating the stock towards the strike price? Yeah, it's complex and if someone can provide some simple insight, I would appreciate it. Thanks. Harry