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

To: username who wrote (44743)	4/17/1998 2:55:00 PM
From: Sowbug	Read Replies (3) \| Respond to of 61433

** OT ** Hey Pete, congratulations on TDFX. I did a similar maneuver on ORCL last earnings, and made the usual 100% in 2-3 days. I didn't really know what the play was called at the time, but I bought 2 calls for every put, figuring that the downside was much larger than the upside. As you probably remember, ORCL went up. I don't feel too bad about the April ASND calls. On Monday I was saying to myself, "why the heck am I sitting here pleading with ASND to go up another eighth when these crazy Internet stocks are taking off?" It was just too much work to tend to them. So I moved everything over to the Internet stocks, and even after today I'm up $17 grand, which is more money than I've ever seen in one place at one time.