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


To: peacelover who wrote (37639)3/4/1998 9:24:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Peacelover,

Thanks for your post. Agonizing won't help with the INTC-reaction. I'm learning that this is just part of the high tech investing game.

Anyway, query whether the INTC-reaction will interfere with an option expiration price of 35 (where the most open interest exists). I still doubt it. Even if ASND opens at 33 or 32 tomorrow, I still believe it can and likely will be guided towards 35 by March 20 (though not if this INTC thing precipitates a significant market-wide correction). Time will tell.

Gary Korn



To: peacelover who wrote (37639)3/4/1998 11:50:00 PM
From: john dodson  Read Replies (4) | Respond to of 61433
 
Talk about bad timing! The following ought to make everyone feel better (since you couldn't time a trade any worse than I did today):

About 60 seconds before the close today, I decided to buy DELL @ $139 and change. Figured it had it's $16 point correction, was well on the way to recovery, and was ready to take off before Friday's split.
As soon as I turned on the T.V to moneyline upon getting home, the first thing after the Intel news was the DELL is down nearly $10 in aftermarket trading! I own dell for literally less than one minute of market time and it's down $10! Woo Hoo! Makes my ASND purchase at $45 last August look pretty darn good.

Oh well, now long on dell,

-John Dodson