Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.98

-1.8%

Dec 26 9:30 AM EST

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To: Scott Burns who wrote (9074)	8/17/1997 7:37:00 PM
From: Glenn D. Rudolph	of 61433

Thanks for the response. It leads to another question. What does it mean? I only have a couple of contracts but I now am clueless as to what I should do next. What is the converted Cascade call and did I still buy it at a discount or did I make an incredible bad purchase decision? Any opinions would be greatly appreciated. Scott, I had this confusion when I sold USRX naked puts and then it was acquired by COMS. You actually bought the equivaled of 62.25 strike price ASND calls. You paid little for them due to the fact they are way out of the money. Was your purchase bad, that depends on the price of ASND at expiration. Just keep in mind your calls go in the money when ASND goes above 62.25. I hope that helps. Glenn

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