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

To: joshi who wrote (26278)	12/5/1997 11:42:00 AM
From: Tim Luke	Respond to of 61433

Risk/Reward Factors: 1. If it goes through you get max 40 maybe less. (not a bad deal) 2. If it falls through and you are still holding, good luck because it will drop 6 points before you will even have a chance to get out. (not a good deal-back where you started) Reward=not worth the risk Risk- to high, take the money and run

To: joshi who wrote (26278)	12/5/1997 11:47:00 AM
From: Sowbug	Respond to of 61433

Note that yesterday Wells Fargo jumped 10% (closing up 5%) on the following comment by its CEO, paraphrased: "I'd consider a buyout of Wells Fargo." Note that ALL officers/directors have fiduciary duties to consider such offers, so all he really said was "I am complying with the law." So our 10-15% jump today, when compared to the Wells Fargo "incident," is consistent with pure hype. I'm not saying the rumors are false, but we haven't passed the dumb-dumb range of wild speculation yet. If it went above 35, then I would reconsider. Sold 1/2 my position at 30 9/16....... Sowbug