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


To: Jeff Jordan who wrote (30514)1/15/1998 9:19:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 61433
 
Jeff,

I sold the Jan 30s yesterday at 7/16. Of course, it went up a tad thereafter. Regardless, I think a highly likely result will be some degree of manipulation towards a 30 close on Friday. That being the case, perhaps discretion is the better part of valor and you should take your 1/2 point (give or take) this morning.

Gary Korn



To: Jeff Jordan who wrote (30514)1/15/1998 9:23:00 AM
From: username  Read Replies (1) | Respond to of 61433
 
Good morning, Jeff, and here is today's daily range projection*

high-31 1/8 low-29 7/16

I can't do this every day, but today is special. I own the Jan 30s and if the stock gets near the high projection, I'll be taking my cue.

By the way and ***OFF TOPIC***

I somehow got an e-mail addressed to me but it's not to me. I'll post it in case someone out there recognizes it and can pass it along.

<Hi William,

It's Uncle Blinky. How is the weather up there in Redmond? It's raining here, but Grace got her brother to fix that leak in the roof last week, so we're quite comfy.
William, I know you're busy with that big company there and all, but I wanted to ask you about something. You know I saw in the paper that you have to pay $600,000 in property tax this year on the old homestead. Now, I don't mean to pry, but that seems a little high for property tax, and I was talking to the man down at Mr. G's Discount Computers, (you remember him, his nephew was up in Cambridge when you were there), and he told me he bought some shares in this company called ASCENDING COMMUNICATION. He said they make a lot of good stuff, better than the other people. Well, I don't know about that, but he seemed sincere.
Anyhoo, he said that he was pretty sure that the shares would go up pretty soon, (like I said, I don't know about this stuff, but he seemed to know what he was talking about).
So here is my idea, and it's OK to say no. If you got about 100,000 shares, and then the stock went up 6 dollars, then you could pay for your property tax.
Mr. G. says you ought to do it before next Tuesday, because he thinks the shares might be more expensive next month.
Oh, and William, please don't upset Janet like that. Grace says she's worried. She says Janet has that Tommy Lee person and that Will person and that Will has the noisy cricket. She said you'll know what she is talking about.
Well, William, that's all for now. You take care and please think about my idea.
Love, Uncle Blinky>

*(c) Thomas R. DeMark, "The New Science of Technical Analysis", at finer bookstores everywhere. And Tom, I want a point.