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


To: Sector Investor who wrote (43714)4/10/1998 10:13:00 PM
From: Quaddad  Respond to of 61433
 
The canadian market was closed today. But here are latest exchange rates for those interested.

Exchange Rates
11:15 April 9 Close April 9
$1 US = $1.4255 C $1 US = $1.4261 C
$1 C = $0.7015 US $1 C = $0.7012 US

I had nothing better to do tonight<g>



To: Sector Investor who wrote (43714)4/10/1998 11:39:00 PM
From: djane  Read Replies (2) | Respond to of 61433
 
Look, the stock market isn't that tough sometimes. A bunch of people bought 35 and 40 puts for the coming months thinking that most networkers were doing badly, Q198 is traditionally a slow quarter for networkers/telecom equipment and there would be a market correction that would take down everyone. Guess what? It didn't happen.

So, the puts will expire worthless. Hey, if I had bought puts, I would flood the boards with lots of desperate arguments. Oh well. Looks like ASND has formed a strong base on its way to $60. Personally, I want people to buy puts and short ASND. Please do. djane