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

To: Wesley Zega who wrote (21829)	11/7/1997 12:23:00 PM
From: mark alan rosenberg	Respond to of 61433

Margin calls, that's why. Small and big retail investor wipe-out.

To: Wesley Zega who wrote (21829)	11/7/1997 12:33:00 PM
From: mark alan rosenberg	Read Replies (3) \| Respond to of 61433

Don't try to write any calls against your position. Won't work, anyway. Your broker is looking at negative equity now, and if you write calls against this position, they will not consider them covered- you'll have to bring in equity for writing "naked"calls. Stay cool, watch this stock carefully, esp. between 2:30 to 4:00, I'd pull the trigger at 23 3/8 to 23 1/2, but lets hope for some upside, which I think could happen. PS. I lost $111,000 on a low priced stock this summer. I'm still alive. If you want to win, you've got to play. Mark