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


To: loafer who wrote (34188)2/10/1998 10:06:00 AM
From: Marcel  Respond to of 61433
 
<<Any indication from open option interest>>

at 30 OI= 23,276 75% of which are calls
at 35 OI= 11,458 93% calls

looks like the odds peg it @ 30

Regards



To: loafer who wrote (34188)2/10/1998 9:19:00 PM
From: Thomas M.  Read Replies (2) | Respond to of 61433
 
There is heavy pressure from options sellers to get ASND under 30 by next Friday. Also, the first half of this week is typically a time for ASND to reverse trend, as option sellers begin to dominate the action. However, I think the current chart formation looks bullish, so I am torn. 32 3/8 is my mental stop. That means I'm allowed to waffle. -g-

Tom