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

To: FUZFO who wrote (43787)	4/11/1998 2:07:00 PM
From: username	Read Replies (1) \| Respond to of 61433

Fuzz! Ya busted me! I went back and read my post, and I did say that. OK, two answers; I bought on Nov. 25, and Dec. 1,2,3 and 4 if memory serves. I also recall buying some at 26 and change at one point. I don't have that info to hand right now. I know my basis not counting covered call revenue is 24 1/2. Secondly, I should have said, "assuming it gets to 49 before May 25, I'll have a double in 6 months". I apologize for the inaccuracy. I honestly cannot make these "price and time calls" with any great accuracy. Yes, I do think it will move into the 49 range by the end of May; that's where I see some resistance. (You probably already know that my support and resistance levels are not the same as most other people, I use a different model that does not rely exclusively on horizontal lines.) Will it stay above 47 once it hits it? I don't know. There are so many other factors to consider, the principal one IMHO being whether or not the prez will decide to drop some ordinance on the Overlord o' the Desert (which I think is a distinct possibility in the late May-early August time frame). So far, I'm just tickled that the stock held above 36-37 last week. That's a strong area of support and I would have been concerned on a move below that area. I could have sold my Apr. 40 calls on Thurs. a.m. for a great profit, but I held off. I hope I made the right choice!