Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Jeff Jordan who wrote (18654)	10/22/1997 3:37:00 PM
From: Jeffery E. Forrest	of 61433

Actually I have no options position on ASND right now. I'm holding a few hundred shares that I bought the morning after they announced they wouldn't make earnings. I figured that after the Sloooowwwww, dragged-out, downward spiral that we had previous to the announcement, that we would see a bottom that morning. It appears that I may have been right about that. I had intended to unload for a 10-15% trade, but now with all the buyout rumors swirling, I HAVE to hold. Most likely alot of folks holding tight right now, not wanted to feel like an idiot by selling and then a buyout occuring. ___________________ inre MCAF- I came real close to getting burned in that mess too. I had a limit order in 2-3 different days just previous to the merger. Sure am glad it didn't get filled. Sometimes it's better to be lucky than good.<G>

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