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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST

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To: facai who wrote (12796)9/15/1997 4:15:00 PM
From: Gary Korn   of 61433
 
<Gary-Tim said he wanted to make AT LEAST 30k. Your math
may be correct, but you used your own assumption.>

Well, I'm really trying to assess, from what data Mr. Luke has given, if he is believeable.

I now know he has 14K shares (he explicitly said so). I know he wants to make at least 30K (he explicitly said so). This says he is looking for at least a 2 point swing. If he bought in at 32 and change (for example, and as he says he did in a recent post), why does he want 40 (the number he keeps repeating)? That is a big, big difference from 34 and change (at 14K shares). Indeed, the extra 4 points would be $56,000. You can work this with any number you want.

If the numbers he is giving on his holdings don't make sense well, then, you can connect the dots as well as I.

Gary Korn
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