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

To: Gary Korn who wrote (30716)	1/16/1998 11:00:00 AM
From: Pierre Aydin	Read Replies (1) \| Respond to of 61433

Unless we get another rumor. Pierre

To: Gary Korn who wrote (30716)	1/16/1998 2:07:00 PM
From: blankmind	Respond to of 61433

On the other hand,all the shorting that the MMs did today to keep ASND at 30 should start to unwind on Tuesday, so maybe we geta point or two before earnings are released - gary k astute observation, we should see some good upside on tuesday and wednesday as these short positions unwind, unless asnd can break out today and these positions begin to unravel early. but it does appear asnd will close below 30 1/2 with heavy volume from shorts keeping jan 30 options expiring worthless. Symbol/Description Bid Ask Last Change Volume ASCEND COMMUNICATIONS INC 30 1/4 30 5/16 30 1/4 15/16 7740100 QQAAF JAN 1998 30 CALL 1/4 1/2 5/16 3/16 4627 QQAMF JAN 1998 30 PUT 1/16 5/16 1/8 -7/8 1623