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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

Nov 28 12:59 PM EST

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To: Gary Korn who wrote (49513)	7/4/1998 6:23:00 PM
From: Dennis R. Duke	Read Replies (1) of 61433

Sorta OT Gary, I just do simple stuff like go long. I have a hard time keeping all the fancy puts, calls and double latte stuff straight. Actually if it were coffee I could keep that straight, since my last job was a CFO for a coffee company. But seriously, is all the option writing and covering making more or less than just going long? Should the inexperienced attempt the high wire? As you know, I often am bullhead, and when I go long it is longer than most. When I was big time long ASND it was more than 100% of my portfolio due to margin. Killed all my other holdings to defend ASND. Now I am long RDRT with near 70% committed to it and 20ish% to ASND and 10%ish to NN. My bet is that RDRT has poor earnings, but a good conference call on 7/15 and the light comes on at the end of the tunnel - the worst is over and the qualifications and R&D are coming, and that ATM switching reals kicks butt. I guess the bet with options is less strategic and more economic. If you can get a spread in the market price, do it. Thoughts on my assessments and questions, Dennis

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