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

To: Finder who wrote (21062)	11/4/1997 3:15:00 PM
From: PHIL K.	Read Replies (1) \| Respond to of 61433

Finder<PS MY brokerage just raised nmy margin requirement for Ascend to 45%, they clearly think it is going down the tubes.> Sounds kinda ILLEGAL to me...<g> Phil K.

To: Finder who wrote (21062)	11/4/1997 3:35:00 PM
From: Tim Luke	Respond to of 61433

Finder, I agree with you Mory has ruined this company, lets just hope we get saved soon. Take a look at the chart you will get a nose bleed looking down.

To: Finder who wrote (21062)	11/4/1997 3:43:00 PM
From: Christopher White	Respond to of 61433

Finder, The FRB sets Reg T at 25% equity as the minimum manintenance - you need to find another broker - even at 25% margin, your broker's loan to you is fully collateralized so he has little/no risk - I'd say by raising your minimum margin requirement, your broker wants to sell you out in order get hold of your position cheaply. If you are highly leveraged and close to getting called and don't have ready cash, consider selling coverd calls - NOV25c or NOV30c series. With ASND's beta, the premium should be juicy and they will settle the next business day so you would get quick credit to your account. Christopher