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

To: thebeach who wrote (49038)6/19/1998 7:46:00 AM
From: gbh  Respond to of 61433
 
thebeach, I think you're being a little optimistic. With ERICY sort of "coming clean" re: acquisition strategy, I look for ASND to open below 50, and stay there. Close will probably be 49-50 if the market is strong, less if the market is weak.

Gary



To: thebeach who wrote (49038)6/19/1998 7:47:00 AM
From: Glenn D. Rudolph  Respond to of 61433
 
ASND is just inches away from being acquired.The MM's today will be in a jam because
the option players have till Sat.to exercise.If someone waits till then to make an offer the
MM's will be screwed.I look for a close of 55 today.

Agreed the MM need ASND shares to offset the possibility that the calls become worth something. They will be accumulating today.

Glenn


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