Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 3:59 PM EST

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To: Rajiv who wrote (26653)	12/6/1997 3:11:00 PM
From: Pullin-GS	Read Replies (1) of 61433

I shorted ASND at 30.625 yesterday. ASND is a trading stock at the moment....for the most experienced of expert traders (I am not trading it now). No way in hell would I have held ASND yesterday at the close long. Even holding short into the weekend could be disastrous. Best of luck I feel that the takeover rumors will not turn into reality. I agree that this happening is not very likely, especially due to the recent aquisition by LU of livingston. LU cannot make a stock offer for any large acquisitions till at least Oct 98. True, but no offer was posted that said it would be a stock transaction before 2years after T spinnoff. The offer could simply be "official" after Oct. 98. And it simply does not have the sort of $$$ On hand $$$$....but with a company such as LU, I would be suprised if cash could not be aquired. I played ASND on thursday...I missed all the real fun. I did go long COMS yesterday, and then short towards the close...but no way in hell was I going to hold over the weekend...long or short. I exited all positions in my trading account.

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