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

To: Harry Ehrlich who wrote (23334)	11/13/1997 5:04:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 61433

>>but I feel Ascend will most likely move to 25 by next Friday. The options force website shows 30 as the most likely price for next Friday, but I'm not sure their formula is accurate. << 30 is the right number. You need to just look at the open interest at the CBOT table on options. That is the reason I bought speculative calls on ASND for DECember exp, ASND has faithfully met this number for last N expirations, remember the pop to 35 at last expiration? I am skeptical that it will go there though, I read somewhere that the one characteristic of bullmarkets is that stock in general go up in the week toward expiration and then down a bear market does reverse. Not sure of this is true will wait and see. I agree that if it pops to 30 for expiration it is vulnerable and money can be made by selling it short.