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

To: Rajiv who wrote (26653)	12/6/1997 3:11:00 PM
From: Pullin-GS	Read Replies (1) \| Respond to of 61433

I shorted ASND at 30.625 yesterday. ASND is a trading stock at the moment....for the most experienced of expert traders (I am not trading it now). No way in hell would I have held ASND yesterday at the close long. Even holding short into the weekend could be disastrous. Best of luck I feel that the takeover rumors will not turn into reality. I agree that this happening is not very likely, especially due to the recent aquisition by LU of livingston. LU cannot make a stock offer for any large acquisitions till at least Oct 98. True, but no offer was posted that said it would be a stock transaction before 2years after T spinnoff. The offer could simply be "official" after Oct. 98. And it simply does not have the sort of $$$ On hand $$$$....but with a company such as LU, I would be suprised if cash could not be aquired. I played ASND on thursday...I missed all the real fun. I did go long COMS yesterday, and then short towards the close...but no way in hell was I going to hold over the weekend...long or short. I exited all positions in my trading account.

To: Rajiv who wrote (26653)	12/6/1997 3:30:00 PM
From: blankmind	Respond to of 61433

nice analysis from the short position side on asnd and why people would continue to short, or add to their short position. i believe asnd will head to 30's even without the buyout because 1. asnd is already below many other networking companies p/e. 2. asnd will appears to be out of its doldrums, after one quarter (make quarter and year estimates), unlike coms (i can not explain) or cs. 3. mory is now talking to the street. ie he went to this last conference something that he skipped last quarter. as coms shows, a friendly street demeanor will help with the downside pressure. 4. upgrades are forthcoming (presumption on my part) 5. internet world starts monday, announcements and good feelings. next week should be an upweek because of this show. risky timing to short. 6. reputable cfo. 7. capt. kirks advisors seem to be conta indicators. now the capt is short. 8. new products. 9. new contracts. 10. law of averages, after 167 down trading days this year with 28 up days, we are due. (this is a joke - since not many (if anyone) sees my humor) good luck shorting some other company since i am long asnd, but htank you again for your analysis and insight.