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

To: Maverick who wrote (30230)	1/13/1998 7:26:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 61433

Just put in an order for ASND Mar 35 calls at 1 5/8 (closed today @ $1 1/2). Comments, anyone?

To: Maverick who wrote (30230)	1/13/1998 7:28:00 PM
From: Matt Webster	Read Replies (1) \| Respond to of 61433

Trading Ascend... I am still waiting for Ascend to break out to the 32 level. At that point I intend to go long calls and puts one strike in the money at a 3:2 ratio. Downside, we should test the 27.5 level, and upside 40 is the intermediate target. I personally think 40 is a stretch for February without more compelling buyout rumors, but Ascend is one of the few stocks that has accelerating earnings, a good balance sheet and a critical, non-commodity product. Soon, we will hear more about the effect of $1,000 PC;s on Internet growth which will perk up the Remote Access side, just as we get more and more raves about Cascade switching products. Do not sell Ascend now. Buy puts if you must, short term ones preferably, but do not give it away at this price. Matt