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

To: Roger A. who wrote (24040)	11/19/1997 3:44:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

for me i dismiss this mm theory of investing. if you buy into it then you believe your ta, momemntum investing, insider trading, phrenology, or however you decide to invest, is a waste of time. you will notice these same types who blame mm for all losses, will not give the same mm credit for the increase.

To: Roger A. who wrote (24040)	11/19/1997 3:47:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 61433

The theory holds that the sellers of options will drive the price of the stock to a level that will render the greatest possible number of calls and puts worthless. While 30 appears to be the strike price that meets those criteria, it also seems to be too far away to warrant the effort. It would require substantial capital to drive ASND up to 30 at this point, and 25 is almost as desirable for the option sellers, anyway. Tom