Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

Dec 1 3:59 PM EST

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To: K MAC who wrote (19532)	10/28/1997 11:01:00 PM
From: Sector Investor	Read Replies (2) of 61433

<<Growth appears to be slowing to me. That is all I meant. If you read my post I still like the company and especially when it is priced in the 20's. I just don't have the expectations I used to.>> Sorry to jump on you. This volatility has everyone nervous and your comments came just after MRVC had dropped 7 points in two days and just hours after I placed a heavy call bet. Forgive me for that, please. I was incorrect as well as I posted from memory and the earning report and I forget about the $39M qtr between the $35M and the $42M qtr. There is a story here I will relate. I had placed calls yesterday morning, betting on a good earnings last night. Then, just 10 minutes before the close, I decided to buy 20 more calls at the market - Jan '30s, which were at $2 5/16. Then trading got halted and the trade did not take place. Earnings were very good and I felt bad I didn't get the extra calls. This AM MRVC dropped another 2 points at the open - and my calls executed at $1.50! Then the market turned, Bear Stearns reiterated a buy and MRVC rose 7 points! I ended up selling them at $3.875 in the late P.M. Quite proud of myself I am, yes indeed! My first legitimate day trade and a good one! If I keep this up, I'll have to rename to Sector Trader! <GGG>

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