Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: sepku who wrote (27953)	12/16/1997 8:36:00 AM
From: Pullin-GS	Read Replies (2) of 61433

One unit of INTCW is a warrent giving holder the right (option) to buy 1 share of INTC at apprx. $20. I'm not sure of the excersize date. It is in the money and very liquid, so it trades like the stock. When INTC goes up $1, INTCW goes up $1 as well. They track linearly. And since it trades at about a $20 discount to INTC, it gives the holder much more leverage to buy INTC...especially when INTC is at $70 (where I bought). I was able to buy about 30% more INTCW than INTC, thus I have seen 30% more profit.<G> Be warned that it does have a nasty spread at times (1/4+).

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