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


To: Jeff Jordan who wrote (29163)1/2/1998 9:40:00 AM
From: Finder  Read Replies (1) | Respond to of 61433
 
Ascend certainly couldn't hold onto its gains this morning.After a very brief (10 minutes) rally the sellers moved in again.

I think from the pattern that it was more short selling however it could be people who boght on Wednesday unloading this AM.



To: Jeff Jordan who wrote (29163)1/2/1998 9:40:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 61433
 
Jeff,

I cannot help on those.

Glenn



To: Jeff Jordan who wrote (29163)1/2/1998 9:49:00 AM
From: pass pass  Respond to of 61433
 
Off Topic: I vote for QCOM, but you can only trade it, don't invest in it yet.



To: Jeff Jordan who wrote (29163)1/2/1998 9:52:00 AM
From: George Coyne  Read Replies (1) | Respond to of 61433
 
Jeff,

I believe QCOM will move back up into the 70s at least, within 6 - 8 mo.

G. W. Coyne



To: Jeff Jordan who wrote (29163)1/2/1998 4:49:00 PM
From: Douglas V. Fant  Respond to of 61433
 
Jeff, Yes- I'm a follower of multimedia stocks. TDFX already ran up in relation to its announcement of higher revenues/profits. So let TDFX settle back for a while. But note - late first quarter TDFX will start shipping creative technolgy's graphics cards with Voodoo2 Chipsets.

CREAF has the biggest worldwide distribution system of any multimedia company. So look for another "kick" in TDFX sales as they start to roll their chipsets into CREAF's products....

As to ASND has anyone checked out the premiums on call options? Yow! you could crawl forward month to month selling calls and buying a trailing put and probably make 20-25% on your money this year with not a large risk.....

Sincerely,

Doug F.

P.S. Also consider CREAF on a pullback.....