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

To: Tech Bull who wrote (60748)4/12/1999 10:22:00 AM
From: JH  Respond to of 61433
 
To those with LVL 2 screens: are there lots on the bid side, waiting to buy on dips? Any insight from watching the queues ?

I think that the illiquidity here (and the low volume)suggests that there are very few sellers willing to give up there shares at these prices.

I have shorted a ton of 04ASND90 puts to collect premiums ranging from 1-7/16 to 1-11/16. With only a few more days to go prior to expiration, the implied volatility of about 62% results in a decent amount of premium to short.

Also trying to go long a ton of 04ASND90 calls at prices ranging from 3-5/8 to 4, but are having a lot of difficulty because of the illiquidity.



To: Tech Bull who wrote (60748)4/12/1999 10:57:00 AM
From: Clay Takaya  Read Replies (1) | Respond to of 61433
 
Count me in for some more too.

Right now you have to look at who benefits most from cheaper, low margin computers. The correct answer is: Anybody who provides Internet services.

I view the Compaq preannouncement as a boon to LU/ASND and as a signal that the need for more bandwidth will be expanding at a greater than expected clip.


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