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

To: FUZFO who wrote (37375)	3/3/1998 6:06:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

If I may ask, what's YHO on this, where do you see it going from here? Fuz, Thanks for your comments. With the caveat that I'm terrible at calling short term moves, some of what has happened the last few days feels like expiration pressure. (Maybe cleaning out some limit orders?) We need updated open interest figures from Glenn Rudolph to better predict where we might end in 2 1/2 weeks. Working without that information, I'm guessing either 35 or 40 at expiration. If we go up to the 36-37 range, and absent some early guidance from Ashby (see below), I likely will cut back again (I just added some exposure) because I don't know whether we will be driven to 35 or 40. By mid-March or soon thereafter, I think Ashby will start guiding analysts on the upper range for 2Q earnings to be released April 16. That happened last Q. If the guidance is neutral, and if it comes out before expiration, then I would guess 35 on March 20. If the guidance is encouraging, then maybe a move to 40 by March 20 is possible (it seems unlikely to me at the moment, however). Gary Korn