Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: Rusty who wrote (17353)	10/10/1997 12:55:00 PM
From: James A. Shankland	of 61433

Ah, those October 35's. Finder, do you still have your 100 at 7/8? I can't say I'm optimistic for you guys: I still think these will decline on a smooth curve to 0 over the next week. If I'm wrong, I will tip my hat to both of you for a gutsy gamble that paid off. I just wrote some November 35's for 2 1/2. I'm still a long-term bull, but I don't see much on the horizon to lift this stock over 35 for the next month or so. Writing CC's on ASND during the ride from 55 to 32 has netted me some $7 so far, which has eased the pain a little.

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