Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Gary Korn who wrote (12296)	9/13/1997 5:06:00 PM
From: Scott	of 61433

Because I hold a massive quanity of ASND and I'm trying to figure out the best possible way to leverage this opportunity into a sizable return.. At this point I'm thinking that this shakeout may take a while...But I still believe we have a security that is being priced wrong...So in order to allow for the short term problems we are facing Europre...and the next 2 qtrs (on the chance that they push to much into this qtr there by effecting next qtr)... My speculative play may be to: Buy the March 40 calls at 5.5 Sell the March 60's at 1.5 it cost me 4 to make a possible 20..that looks to me like a max return of 400%.. You could even go out to Jan 00 Buy the 40's at 13.5 Sell 60's at 8.5 Cost 5...looks like a 300% return..But thats to far out for me based on Tech changes and the fact that I'm too impatient... The biggest reason I'm here though is stupidity...I schould be on the golf course..

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