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

To: Tiffany Trump who wrote (42027)	4/2/1998 9:35:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

<<I still get a giggle out of it to this very day.>> Thanks, Tiffany. I try to do my bit to keep the thread loose and upbeat. My first "lightening" move came within a 16th of hitting today. It should hit tomorrow. This is the first of 3 that I have set to go over the next 2 point range, including selling some June '30 calls for a nice 4-bagger (just a hair off now). Not bad for a 4 month play, if I do say so myself - but who else besides OL' bullish Sector was buying ASND calls back in December, when the thread was so bearish? My March '25s did very well indeed. I use pre-sets as I have to work during the day and don't get to watch all that closely. I'm looking to see if we get a spike up after the first hour tomorrow. If we do, those call sells should hit too - and Sector will be Happy! I'm also trying to sell some April '40 covered calls if I can get a good price ($2.25 or so), as I have a hunch we will retrace a bit and close under $40 on 4/17.

To: Tiffany Trump who wrote (42027)	4/2/1998 10:22:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

Hi Tiffany, Welcome, and very happy to see you here. I have a small story to share with you too... Remember on Dec 5 last year, the date Asnd was rumored to be purchased by LU for $35 cash per share..I was up early, pushed away all engagements, key board ready..singing, dancing around, and by all means was watching and listening to Maria with undivided attention. I was holding 5K shares with an avg of about $34... and $34 1/4 was what I was waiting for...I did not want to settle for $32!! Every cells in my brain told me to "sell 1/2 my holdings at $32 right now" as Asnd was flirting with 32 for over an hour...How I wish I had acted then....I would have been able to buy back my shares in early Jan and took advantage of tax loss... Anyway, I am still long Asnd and I believe Asnd should reach $50 towards the end of the year if F/A continues to improve and earnings on target. LU buyout under pooling of interest A/C method is still feasible after October. However, unless Asnd's coming earnings greatly exceed expectation, why should the price appreciation exceed $40 right now, this week?...unless the current buyout rumor is forcing the shorts to cover...What if the buy-out is indeed rumor only.... Just some of my thoughts; and again, welcome to the thread... Jan