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Technology Stocks : Ascend Communications (ASND)
ASND 216.44-0.1%10:53 AM EST
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To: Stephen M. DeMoss who wrote (36790)2/28/1998 1:14:00 PM
From: FUZFO  Read Replies (1) of 61433
 
Very astute observation! I bought the April 40 puts because I believe the whole tech sector will likely get a
haircut shortly during this preannouncement time. With short interest way down for asnd, the impetus for
sharp rallies will mostly come from news from the company versus people needing to cover. With such a
high Beta for Asnd, if other techs are correcting, Asnd will trend down. Be smart everyone! Steve D.

Stephen, while I generally share your conservatism, and can appreciate someone who has the skill to time a market "haircut", I sincerely believe that you may have purchased your puts a bit too early. According to articles posted on the news only thread, during March ASND will be formally launching thier VoIP, and soon to follow will be other news which Maverick has kept us so well informed about. Add to that if CFO Ashby is prompted again, he is likely to reveal his comfort with Q1 earnings est. as he has in the past. In fact I may eat my words but IMHO March will prove to be a better month to own asnd than even Feb. was. I will most likely hold until at least prior to Q1 earnings in mid April. Last Q we had a bit of a pullback ($2-3) after earnings. JMHO FWIW
Fuzfo
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