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

To: Jan Crawley who wrote (40252)	3/19/1998 5:57:00 PM
From: AlanH	Read Replies (6) \| Respond to of 61433

Would you elaborate please. Why gapping down? Then up and close/close to $35? Let me start by saying that investors should see the action as a sideshow -- some traders may see it as purgatory. The notion of "options parity" driving ASND to 35 is unfounded, misleading. The trend for the moment is down. Among other things, you may choose to review MM data which Mr Korn has graciously provided. Definitive behavior arises and is not limited to INCA or MASH, for example. (Mr Korn may have some opinion on this.) As a contrast to the airplane metaphor, consider a fruit tree. If the fruit is out of reach and the trunk is not so large, what's your first move? Shake the tree. More fruit? Shake it harder. More? Give it another shake. At last, you get a ladder (or climb the tree). Forgive the silly metaphor, but today's run-up doesn't look like the fruit picker went to bed -- s/he's gone to get a ladder (and regain some energy). Who knows, I've been wrong before. <g>