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

To: Dennis R. Duke who wrote (47540)	5/27/1998 4:41:00 AM
From: tepli	Respond to of 61433

Dennis, I was a bull too during the dark days. I didn't post though, I wasn't a member of SI. But now I have hedged a part of my ASND's and half of my CSCO's, too. I think we are due for a correction. BTW, Bear Markets. I've seen one. Between May 1989 and September 1992 our HEX General index in Finland declined by 75 % !! In the end, NOKA was $1/share, now it's $67. Eventually, the bear market turned out to be an El Dorado. regards, tepli

To: Dennis R. Duke who wrote (47540)	5/28/1998 2:13:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 61433

Dennis -- Didn't Mory say they were strong with RBOCs and ISPS? This news release should be sent to every CEO of every RBOC in the US. They know it's coming. They know it's inevitable. But now they can take their heads out of their text books and hear the distant thunder of invading troops: nikkeibp.asiabiztech.com <<<This is NTT's first year-on-year decline for telephone subscriptions, although the company has posted some month-to- month declines. According to NTT, the number of subscriptions surged for Integrated Services Digital Network (ISDN) lines and leased lines, such as those related to data-communications services. Subscriptions to ISDN services nearly doubled to 2.62 million contracts, an increase of 1.37 million contracts from the previous year. This clearly illustrates the trend of shrinking telephone services and growing data communication services. NTT posted declines in earnings and profits for the first time in four years. Its sales fell 0.8 percent to 6,322.3 billion yen (US$46 billion), and its pretax profit fell 2.6 percent, to 356.6 billion yen (US$2.6 billion). . . . >>> Pat

To: Dennis R. Duke who wrote (47540)	7/4/1998 1:33:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Dennis, A delinquent response to an old message, but you've been a great help to me as well. FYI, I'm still writing montly puts on ASND. I'm currently waiting (hoping) for a number of July 40s to expire worthless. I'm also waiting for expiry on the following additional July puts: CIEN 60, PAIR 15, SLB (Schlumberger) 65 and JBL 30. I also really like the CIEN/TLAB arbitrage. That is, you buy CIEN and short an equal amount of TLAB. As this is a 1 for 1 stock swap, you will end up both long and short equal amounts of TLAB. At that point, the spread (currently about 1 1/2 points) will be gone. If you can get 1 1/2 points spread on this arbitrage, it is worth a try. I've lost on AMZN and AOL, but fortunately I've been boxed on both for what seems forever. If only I could call a top, I would sell the long position and then ride down the short position. Failing that, what I've done on AMZN is to convert the long shares into long calls. (Creating a synthetic put.) That, at least, allows for the opportunity to profit should AMZN suddenly drop off a cliff, and through the strike price of the calls. (They would expire worthless, offset by the short gain.) Anyway, just wanted to say hi! Best to you and enjoy the 4th, Gary Korn