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

To: x-treme who wrote (20774)	11/3/1997 5:20:00 PM
From: john p. carney	Respond to of 61433

Buy protective puts. Say Nov or Dec 25s. Dec 25s will cost you about 2 bucks. For a little more leverage look at a 22.5 strike price. Dec 22.5 will cost you about a buck. John

To: x-treme who wrote (20774)	11/3/1997 5:22:00 PM
From: Y. Samuel Arai	Respond to of 61433

You can buy protective puts...but I don't trade options so someone else here can probably help you with the details of how to use it best. Sam

To: x-treme who wrote (20774)	11/3/1997 5:46:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 61433

<<I currently own asnd at 29.5 @ 5000 shares.>> According to my calculation, you have $147,500 riding on this dog. And at today's closing price of 26 5/16, your investment (or should I say your gamble) is now worth $131,562.50 for a paper loss of $15937.50. What is your reason of buying ASND in the first place. $147,500 is not a little sum of money, at least not to me. I have to work 5 years for that, and I certainly will not bet that kind of money on ASND. If you want to cut your loss and have a good night sleep, trying selling it at tomorrow's open, and then you have nothing to worry about. Good luck, desparate man, want to join me in Mars ???