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Technology Stocks : Ascend Communications (ASND)
ASND 206.71-0.9%12:39 PM EST

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To: Charlie Bryant who wrote (49677)7/11/1998 12:50:00 PM
From: Dennis R. Duke  Read Replies (2) of 61433
 
Congratulations on going black.

It was an ugly ride, but I think those that hung on have pretty much gotten black and are now beginning to relax. Unfortunately, many, including myself, lighten up on ASND way too early. IMHO, the second half of this year is where the fun will really be with ol' ASND.

I believe we will get another chance to buy back in once the usually round of inside option profit taking begins, about two weeks after earnings. This window is open for about 6 weeks. So anywhere in the 2 to 8 weeks after the earnings release could be dicey. So if your long position dips at that point don't panic. It might just be me buying, assuming other positions work out and cash becomes available.

If you can hang on, stay and enjoy the ride. You've already been through the terror...(and oh what fun that was on full margin!)

Still long,

(-8 Dennis 8-)
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