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

To: Captain James T. Kirk who wrote (26081)	12/5/1997 9:25:00 AM
From: sepku	Respond to of 61433

>>>Style, my point is this: last month, while we were in the low 30s, this rumor started just in time for expiration day.<<< Just to clarify, I believe you meant October? Note that the options-related rumor that drove the stock from 32 to over 35 in October, occured the week prior to expiration. That is consistent with such bogus rumors. This time, however, we have many different factors at play...one being the fact that we are a ways away from the Dec expiration, and another being that the rumored takeover bid was made a few weeks ago. That seems to be just about in line with the period that ASND began to trade with renewed interest -- heavy block accumulation, and we could only speculate why. Gary believed it had to due with a possible takeover by CPQ. In any case, the two situations are very different. Style Pts.