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


To: Peter Yang who wrote (37564)3/4/1998 5:33:00 PM
From: michael modeme  Read Replies (2) | Respond to of 61433
 
ASND's business really doesn't have anything to do with INTC's. Which is good news: if ASND gets hit hard tomorrow due to INTC's warning (no other bad news specific to ASND) then it creates a great buying opportunity. If it don't change future earnings, it don't matter!!! (if you'll excuse my english)



To: Peter Yang who wrote (37564)3/4/1998 6:26:00 PM
From: Sowbug  Respond to of 61433
 
I wonder why ASND is related to INTC more than others.

I don't think it is, but many short-termers are holding on to gains from the $20s in ASND, and protective puts are probably pretty expensive (since ASND is volatile) so they're dumping the moment anyone says Boo.

So write your $30 puts tomorrow and cash in on the free money!