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


To: Sriram S. Konkipudi who wrote (43197)4/9/1998 4:08:00 PM
From: David Su  Respond to of 61433
 
I think big guys bailed out towards end of the market today. They got in late yesterday to bid up the price and then all the suckers follow. I got some pretty cheap april 40 puts today. I guess I am one of the few betting against earning.

I think there is a good chance asnd will meet their target, but I don't the stock price will gap up too much to cover my calls premeium. However, if the earning do not meet, there is going to be a bigger gap down.

David