Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.48

+0.1%

11:50 AM EST

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To: gbh who wrote (43547)	4/10/1998 3:25:00 AM
From: Jeffery E. Forrest	Read Replies (1) of 61433

For the last time NO!!!.<G> One more time- I have some outta the money Calls. (Apr. 45's.) Unfortunately, after looking at a chart I have my doubts about them. Looks like we may have to diddle around in the 38-42 range for a while to straighten out the chart. I didn't really expect them to get in the money due to earnings anyway. It's just that I had been hearing some STRONG rumors from some GREAT sources the last few days and bought a bunch hoping for the "ASND lottery". Still COULD happen. Buyout or a BIG contract would get 'em in the money. (Hint- I am expecting SOMETHING to be announced in the next 3 days. Just not sure WHAT.<G>) It worked out good no matter. Sold half today for 100% gain (overnight) which paid for all that I bought. The rest are "free" now. I don't want to be too negative, but when I see some of the posts here I just can't believe my eyes. They're still looking for HUGE moves when we really have already HAD ONE. 35% in three WEEKS is nothing to sneeze at! And what are we up since Jan 1? 65% or something like that? LONG TERM though, I really like the way things are shaping up. Folks that want to play the networkers will have to own CSCO, COMS and now ASND. "Must haves" if you don't want to miss out. When the chart starts to find equilibrium, I will add to my long term hold portfolio. First I expect us to fill the gap we made Weds morning. It's just a little one, but needs to be filled. We also made a dark cloud cover which is not good. Bearish key reversal today as well. If it were not for earnings and Conf. Call it would look like a short candidate. It looks like it may go sideways for a while after shaking out from earnings and options expiry.

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