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

To: Glenn D. Rudolph who wrote (35612)	2/20/1998 3:23:00 PM
From: hitesh puri	Read Replies (2) \| Respond to of 61433

No Whoops !! Whats the matter guys ?? Dont tell me you guys fell victim to Wall Streets games and sold in the 20's ??? -hitesh

To: Glenn D. Rudolph who wrote (35612)	2/20/1998 7:28:00 PM
From: getgo234	Read Replies (1) \| Respond to of 61433

Glenn and others: I suspect that the writers (sellers) of ASND Feb 35 covered calls either purchased the calls today if they wanted to retain the shares or they were willing to give up their holdings in ASND for the time being. The writers of naked calls probably purchased the calls today. The buyers of the Feb 35 calls either want to take delivery and hold the stock or they will sell the stock early next week (assuming they didn't sell their calls today). In summary, I would think that the net result of ASND's Feb 35 call options expiration would be a substantial number of ASND shares being sold early next week. Your comments please.