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

To: gbh who wrote (50378)	7/24/1998 6:19:00 PM
From: Darren	Read Replies (3) \| Respond to of 61433

Kent, did you sell short at 51 3/4, or buy? Geez, I hope it was a buy. Darren has had some great calls, but his ASND calls have been less than stellar (sorry Darren). Actually, I would hope that no one ever trades off my calls mainly due to the fact that their strategy differs from mine. In that example where I had the B/SS written down last night, I'm looking for 1/4 to 1/2 point and then I'm looking to follow the momentum until I get bored and move to another stock. Also, you cannot front-run the calls because they are set based on pivot points, not today's trading. One of the reasons I can trade this way is because I can get in and out without losing more than an 1/8th. Besides the fact that Gary is right. I'm like 2 for 6 on ASND calls, which is ironic, because this week I was 10/12 on Mon, 9/10 on Tue, 5/7 on Wed, 6/6 on Thu and 11/12 today, before ASND hit, so either 11/13 or 12/13 depending on whether it went >1/4 past the pivot... Just checked it. Sure enough, ASND bounced right off the price. Now I really hope you didn't SS.

To: gbh who wrote (50378)	7/25/1998 3:34:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

From Cramer's AOL chat re: ASND and CSCO. Question: What is your outlook on ASND? TSCNYjjc: I have a small position in ASND. it has had some o big run and I like it very much but I want to buy he stock in the 40s. Good positioned company though. Question: If you see a bottom, let's say below 880 on Dow and 1900 on the Nasdaq what names will you buy aggressively. And when does CSCO report. keep up the good work. TSCNYjjc: I like Cisco, which reports August 4th I believe. I think that this company is one of the most well-run companies in the world and is a great internet play., It is a staple of mine and I will buy it more aggressively as it goes lower in this sell-off