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

To: Jan Crawley who wrote (43145)	4/9/1998 3:10:00 PM
From: Jeffery E. Forrest	Respond to of 61433

Jan, why would you pay out the fees to buy back the puts? Can you buy 'em back for dirt cheap? Do you really think ASND will get taken back to 35 at this point? I know I had been calling for it to retrace to 35, but that was a purely technical call and should have happened already were it going to. Hell, save the fees and just let 'em expire. NOW we have a brand new gap to worry about and a much bigger worry. MORE LATER.<G> BTW-For future ref.-Notice how it gapped this a.m. and immediately went back and filled it. That would have been GAP #4. Easy trade there. Sell on the open and rebuy at the gap for a quick point and a quarter.