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

To: username who wrote (41389)	3/28/1998 10:18:00 PM
From: Daniel W. Koehler	Respond to of 61433

Pete Re: IOM - Since I only trade options, I don't want to be prospecting for turnarounds. Only the most liquid techs. For me that's currently INTC ORCL ASND CSCO. Sold my APR 65 CSCO last week at decent profit. CSCO had a hard time getting close to 70 so i'm gonna watch it next week. But if the techs are strong, then CSCO should move too. I'm really high on INTC closing part of the big gap since MAR 2 warning. Loaded the boat on tuesday. ORCL i'm bailing at 33 if it can't break through. Need some cash to pay the federales in Apr. So that they can get back to their main gig of bribing us with our own money. Trading Asnd. I'll probably bail on earnings runup before the 9th. ORCL and ASND are sort of parallel cases in my mind. ORCL exceeded by 3 cents (15%) and didn't perk up until a week later. Unless we have some unequivocal news pre-earnings, I expect ASND to hit 40-42 and then retest 38 support. Ciao, Pedro! :-)