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Technology Stocks : Ascend Communications (ASND)
ASND 199.47+1.1%3:59 PM EST

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To: James J. Cramer who wrote (19006)10/26/1997 10:23:00 AM
From: Jeff Jordan  Read Replies (1) of 61433
 
I am very long CISCO. I dont like COMS. I am stuck in BAY and very nervous
jjc


So, are you ready to make a 6mo+. investment in Ascend? It doesn't look like its going any lower? Are you and investor or just a scalper like Tim Luke. He got caught in a day trade @$38 looking for a couple of points. He should have increased his stake when it hit $30, after he told everyone he was holding for $50 next year.

It just seems now it a good time to start a core....then add when the momentum hits.

Just curious when you intend to throw ASND a bone....

Style Pts;

I've been waiting to enter CYMI, looks about right time now. I picked up 2K last night at craps table...was thinking about call options. I agree cymer is a good buy now...but was concerned about the kind of action we're seeing ASND right now. Also, looking for a good put, any ideas?

JJ
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