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Technology Stocks : Ascend Communications (ASND)
ASND 204.13-0.7%11:49 AM EST
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To: Jan Crawley who wrote (53598)9/2/1998 9:37:00 PM
From: James A. Venooker   of 61433
 
Dear Jan,

CONGRATULATIONS!! Great call on the "puts" and thank you for educating me in the nature of this type of position. I must admit, you must have nerves of steel and a very iron cast tummy.

I would try the investment strategy, but I just don't have the balls.

Good luck tomorrow, I believe, LU will hit your mark, as will ASND (it may not hold its mark but with the swings we have been on, it is more likely than not).

I believe LU will wait until the market shows some form of stability prior to announcing its planned takeover.

Regards,

Jamie
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