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

To: BMC who wrote (46601)	5/11/1998 5:38:00 PM
From: Orhan Birol	Respond to of 61433

Better stay an amateur, as the guy who posted doesn't know more than you do! You are better off not knowing what he dooes!! Good luck, Orhan

To: BMC who wrote (46601)	5/11/1998 5:39:00 PM
From: Greg Jung	Respond to of 61433

Yes, June and beyond. There isn't any premium left to sell in May, I suppose, except in 45 calls. Open interest in 40 calls is heavy, and as the deadline approaches people will cash in profits, causing an opposing reaction in the stock supply. If there were a lot of puts at 45 then a similar effect would tend to keep it near 45. It could be 45 if we were trading down from 46, but I think 40, which is where the support point is on the stock. If you presume that ascend will grow 45%/year then you can justify a price of about $40. Greg