Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.48

+0.1%

11:50 AM EST

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To: JOHN CHEN who wrote (25732)	12/4/1997 6:04:00 PM
From: vegetarian	Read Replies (1) of 61433

>>Tim- you are going to look like an idiot tomorrow! CNBC just reported LU did make an offer to ASND for $35 a share which ASND rejected. ASND is holding out for $40 a share. This is not a rumor anymore!<< PLease do not be harsh on Tim, although his projections seem wild he helps keeping bullish sentiment in control. Also, he has maintained that all his predictions hold only if there is no takeover of ASND. I need to devise a startegy now; I have ASND 25 calls and puts expiring December (if the price gets pushed up tomorrow, my straddle has worked). If the price does not get pushed up much (due to heavy resistance and company not saying anything concrete) I may just exercise the calls; unless it falls to 25 which would be sad ;-) 25 does not seem like a bad price now considering that ASND has good visibility about meeting the Quarter/year and not many negative things lurking around. Any one with any advice?

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