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Technology Stocks : Ascend Communications (ASND)
ASND 200.33-3.2%11:49 AM EST

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To: Intel Trader who wrote (13171)9/17/1997 12:34:00 PM
From: Greg Jung   of 61433
 
Resistance at $40 -of course.
being such a solid and long-term support it now is to be a
stiff resistance. On that logic I sold Jan40 calls that somehow traded on 9/15 for 4 1/2 - a full point over the bid/ask when asnd was at bottom. I think somebody bought at market and that was the only offer out there. To make up for the incredible luck, while repairing 3com calls I ordered "buy" instead of "sell" and got filled at the ask. Oh well it only increased my potential loss there by 25%. :-/

Greg
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