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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: sepku who wrote (18900)	10/23/1997 11:02:00 PM
From: K MAC	Read Replies (1) \| Respond to of 61433

Everyone: S&P futures up 5 pts on globex-very active. If hong kong holds up we may get a strong day tomarrow It is rare for the overnight session to be this active (except for last night-down 10 by midnight). K MAC

To: sepku who wrote (18900)	10/23/1997 11:08:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Thanks, Glenn. BTW, how is FORE? I haven't owned it since I bailed too early the first time it hit 18 several months ago, after buying it at 15. I hear earnings are coming up...bullish or bearish? The earning numbers are pretty much pre-announced. I will be looking for a renewal in the OEM contract with NT and the continued backbone provider for MCI. It is my opinion FORE presently is trading too high for fundamentals. Your early bailing was likely a wise decision basded on fundamentals. There are persistant aquisition rumors which is what I believe is holding FORE above 18. I am not writing additional naked puts for FORE as various ones expire. I am not comfortable with their fundamentals. I would not short them either because an aquisition is not out of the question. There is a lot of consoliation in this industry. The last set of naked puts I sold will expire in Jan. I will re-evaluate then to decidie if I wish to write more. Glenn