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Technology Stocks : Ascend Communications (ASND)
ASND 206.59-1.0%2:14 PM EST

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To: Sonny who wrote (52496)8/21/1998 1:51:00 PM
From: gbh  Read Replies (2) of 61433
 
Great clearance prices! How much easier can it get?

Sonny, nothing is a sure thing. Many people were playing this type of position with CIEN/TLAB. In fact, I think I recall Gary Korn saying he was long CIEN and short TLAB in equal share amounts is some type of "arbitrage" play. The only way this play could lose, is if the deal fell apart. Well, look what happened today. I hope for his sake, he closed these positions before today.

Gary
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