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Technology Stocks : Ascend Communications (ASND)
ASND 206.82+0.6%10:07 AM EST
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To: Glenn D. Rudolph who wrote (38240)3/7/1998 1:25:00 PM
From: Jeff Jordan  Read Replies (1) of 61433
 
**OT**

Now they say break even. This raises the
whole credibility issue, of which we who follow ASND are very familiar. Look for
CPQ to lose another 8-10% Monday and then languish for awhile, perhaps a long
while.

Glenn(not Glen),

I have to agree with the above sentiment. I have decided not to buy any CPQ on Monday...but wait for the next short lived rally, if one occurs and buy puts. The main reason is I believe my scenario is sound and it only requires a minimal amount of capital.

Jeff
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