Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mdvestor who wrote (38825)	3/11/1998 7:22:00 PM
From: Gary Yerman	Read Replies (1) \| Respond to of 61433

I was watching CNBC and they had a guy on and he gave what he thought was his best five picks. Asnd was one and he went on to say that it had a lot of up turn and that there was rumors of a buy out, plus there was a lot of insider buying. I didn't get the person's name but right after that is when the stock went up. This happen just when I was looking for a stock to buy , so I bought at 35 5/8. By the way this was yesterday when this happen. Good luck to all

To: mdvestor who wrote (38825)	3/11/1998 7:57:00 PM
From: Chris Ariens	Read Replies (2) \| Respond to of 61433

Hi, everyone I've been lurking on this thread for several months and finally got the opportunity to try posting. I am aspiring to become a professional options trader :). I'd like to say thanks to all of the regular contributors for posting valuable information about one of my favourite holdings. I have found the information provided here is more up-to the minute and insightful than the regular business media. The options open interest theory is a very interesting one. Already it looks like there is very strong pressure from both call writers and put writers to keep ASND very close to 35 at Mar expiration. Given that, what would be the best option play (using long positions only) to take advantage of that fact. As for myself, I like the April 40 calls now. Gives an opportunity to cash in on any pre-earnings run-up. I bought some today while ASND was on its way down, and may buy a few more if the price drops below 34.5 before March 20. I've been very successful (and lucky) buying calls on ASND - one of which was the March 35's, which I bought at the end of January and sold off today just before the high. But now, I need more than luck, I need a miracle to get any return from the March 45's I'm sitting with. Is anyone else out there using options to leverage your investment potential, and any other thoughts as to what types of manipulation the MM's are involved in. Personally, I think the March 35 calls are artificially high right now - with 7 days left, they should be closer to 7/8 or 1. (an attempt to lower OI perhaps?) Chris

To: mdvestor who wrote (38825)	3/11/1998 8:34:00 PM
From: blankmind	Respond to of 61433

...analyst responded that he would not recommend ASEND that it had topped its value... - mdvestor asend = ascend do you know which brokerage he represented? would you recommend asnd at this level? he may have a point about asnd "topping out", but for how long?