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

To: Matt Webster who wrote (24332)	11/21/1997 4:21:00 PM
From: Gary Korn	Respond to of 61433

Closing network stock prices on Friday, 11/21: ASND+ 25.38 -.19 25.38 b 25.50 a 11x42 32958 16:01 26.00 h 25.12 l COMS+ 35.00 +.63 34.94 b 35.00 a 22x20 88336 16:01 35.62 h 34.50 l CSCO+ 85.12 -.38 85.06 b 85.12 a 10x106 68700 16:01 86.37 h 84.50 l CS- 25.94 -1.69 25.94 b 26.00 a 10x105 15867 16:01 27.56 h 25.87 l PAIR- 22.50 -1.81 22.50 b 22.56 a 60x1 32867 16:00 24.62 h 22.06 l NN+ 45.81 -1.31 45.75 b 45.87 a 10x10 8760 16:03 47.62 h 44.94 l NT+ 91.75 -2.06 91.69 b 91.75 a 11x10 4794 16:05 93.81 h 91.19 l NETG 19.00 -.81 18.87 b 19.00 a 10x25 3712 16:00 20.00 h 18.87 l TLAB 52.12 -.88 52.00 b 52.12 a 10x10 12536 16:01 53.75 h 52.00 l SHVA+ 9.37 -.38 9.31 b 9.37 a 13x10 2148 15:59 9.81 h 9.25 l XIRC 10.94 +.38 10.87 b 11.00 a 10x10 4513 15:59 11.25 h 10.62 l XYLN- 19.37 +.44 19.37 b 19.44 a 30x10 12275 16:00 19.87 h 18.62 l FORE+ 17.62 -.69 17.62 b 17.69 a 10x97 13803 16:01 18.50 h 17.56 l BAY+ 29.06 +.94 29.00 b 29.13 a 35x300 24622 16:00 29.19 h 28.31 l MRVC+ 27.62 +2.56 27.25 b 27.62 a 3x10 7307 15:59 27.62 h 25.75 l LU+ 81.19 -2.56 81.12 b 81.19 a 40x20 23592 16:01 83.31 h 80.81 l

To: Matt Webster who wrote (24332)	11/21/1997 4:26:00 PM
From: Gary Korn	Respond to of 61433

After-market ASND trades on 11/21: tl: prev: ASND ASND - Transaction Log 4:21:07 S 800 25:7 T 4:03:10 S 500 25.3 T 4:14:00 S 1200 25:7 T 4:02:48 S 2000 25.3 T 4:14:00 S 300 25:7 T 4:02:48 S 2500 25.3 T 4:12:22 S 70000 25:9 T 4:02:47 S 500 25.3 T 4:10:42 S 400 25.3 T 4:02:05 S 4000 25:5 T 4:10:20 S 600 25.3 T 4:02:03 S 2500 25:5 T 4:09:51 S 700 25:7 T 4:01:44 S 2100 25:5 T 4:09:43 S 1400 25.3 T 4:01:44 S 900 25:5 T 4:09:43 S 3800 25.3 T 4:01:13 S 500 25:5 T 4:08:27 S 1100 25.3 T 4:01:12 S 5600 25.3 4:07:54 S 300 25:7 T 4:01:08 S 100 25.4 4:07:53 S 700 25:7 T 4:00:49 S 5300 25.3 4:06:13 S 1200 25.4 Z 4:00:36 S 1000 25.3 T 4:05:04 S 7900 25.3 T 4:00:36 S 100 25.3 T 4:04:24 S 800 25.3 T 4:00:18 S 1200 25:7 T error 4:04:23 S 200 25.3 T 4:00:16 S 1400 25.3 T 4:03:59 S 1000 25.3 T 4:00:16 S 500 25.3 T 4:03:26 S 400 25.3 T 4:00:12 S 1000 25.3 T 4:03:26 S 500 25.3 T 4:00:10 S 100 25.4 T 4:03:23 S 400 25.3 T 3:59:58 S 1000 25:5 4:03:17 S 1000 25.3 T 3:59:57 S 1000 25:5

To: Matt Webster who wrote (24332)	11/21/1997 5:51:00 PM
From: Peter Yang	Respond to of 61433

>>How can you reduce cost basis without buying more stock?<< That's easy. You do it by dumping the shares bought at high and keeping the shares bought at low.

To: Matt Webster who wrote (24332)	11/21/1997 8:04:00 PM
From: Harry Ehrlich	Read Replies (2) \| Respond to of 61433

Check the December issue of Bloomberg magazine (print version). The article is called "Repairing Broken Stocks". For every 100 shares you own, buy 1 at the money call and sell 2 out of the money calls. Your investment is minimal as your premiums from sales pay for your purchased calls. You are covered all the way; your breakeven is lowered; your upside is limited. The basic premise is that the stock will go up slightly, but not as high as your cost basis. This is the same premise that is present when "averaging down". The article alone is worth the cost of the magazine. Harry