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

To: Darren who wrote (46618)	5/11/1998 6:48:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 61433

> Darren, can you explain.. What happened to ASND on the previous big options expiration day? Apr: I thought that the bottom was on Tuesday -- somewhere around 38? And you are right, stock crossed 40, but you are asking for 46% in a little over 60 days from 32-50, based on analyst's upgrades and unspectacular earnings. Just tell me if you can come up with some reason why I should not question this assumption... Darren, thanks. It means you can not for certain predict that ASND will sink to your pristine short mark of $40 by Friday. It will certainly stay up as long as the general market conditions are favorable and vice versa. When momentum is behind a stock, all your other questions are irrelevant.