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

To: Tim Luke who wrote (46430)	5/9/1998 5:28:00 PM
From: Nazbuster	Read Replies (1) \| Respond to of 61433

Tim, looking at options, I think we'll have a nice run early in the week, but it will close at 45 at end of week. The 15th is the 3rd Friday of the month (expiration). Here's the open interest (from Dreyfus tradepbs.com ) C MAY98 40.0 7395 QQAEH C MAY98 45.0 7070 QQAEI C MAY98 50.0 2220 QQAEJ P MAY98 30.0 1295 QQAQF P MAY98 35.0 5491 QQAQG P MAY98 40.0 9210 QQAQH P MAY98 45.0 519 QQAQI P MAY98 50.0 15 QQAQJ

To: Tim Luke who wrote (46430)	5/9/1998 9:52:00 PM
From: Darren	Read Replies (1) \| Respond to of 61433

What is your thought on how asnd will trade next week? We'll know by 10:30a EDT Monday. If it's at 46, you're probably safe. If there is any weakness or GSCO is holding it up as he has been doing, you're toast. Frankly, I think 45 is really high for the current market, not for the stock. I think the pullback will last as long as the market corrects. Then, I think 50 is a real possibility. I wouldn't want to be an investor though because I still have an earnings question for this current quarter...I'm not trying to start rumors, I want to find that article...