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


To: blankmind who wrote (33732)2/6/1998 3:53:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 61433
 
do not translate a lack of comments on your post as a lack of interest on what you
observe.


blankmind,

Thank you. I will not. I will be away next week so will be very quiet<G> I am not good at projecting stock prices but it appears the market wants to take ASND to 35 by expiration. It would be advantageous to the market makers to keep it close to 30 but I believe they are losing and the buyers will force the price up two more points. My point is the market makers need to become less short on the 30s for Feb and more short the 35s to make a profit on ASND calls for Feb expiration.

It is like the Casinos changing the the spread to get the betting close to even on a football game.

Glenn