Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 218.50

+6.9%

10:05 AM EST

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To: blankmind who wrote (43211)	4/9/1998 3:56:00 PM
From: Sowbug	Read Replies (1) of 61433

so is anyone stepping up to buy more? Yes. I just bought 10 April 40 calls @ $1 7/16 (with the profits I just made on my LCOS options). The downturn of the last hour was for two good reasons: 1. Good Friday (someone doesn't want to pay the margin interest over the 3-day weekend). 2. Fear, making #1 a good enough reason to sell. Both are good for me, because I think ASND is likely to surprise positively. That means, contrary to my post a few minutes ago, that there is indeed some doubt about ASND. The dip was bearish for ASND, but bullish for my short-term portfolio.

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