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

To: Joseph Colombo who wrote (50992)	7/31/1998 2:57:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

Why Dec? more time premium?

To: Joseph Colombo who wrote (50992)	7/31/1998 2:58:00 PM
From: djane	Respond to of 61433

Joseph, sounds like a good call on ASND. I'm more concerned short-term about the general market. The higher 1.4% GDP may start talk again about an IR rise by Greenspan since it wasn't the 0% people were hoping for. The sell-offs on summer Fridays has begun. ASND is part of the S&P500 and NASD100 and will be hit by index declines. I'm waiting this one out for now.

To: Joseph Colombo who wrote (50992)	7/31/1998 4:07:00 PM
From: drdan	Respond to of 61433

Joe, I agree...bought Dec60's today @ $2.....there's plenty of time for the stock to come back, especially if LU rumors remain...September would be an exciting month. Also, if earnings remain solid, that should also give the stock a bounce this quarter.Frankly, I have no clue why the stock should tank like this.....did someone need an excuse for getting cheap shares? If Mory has any brains he won't let this SRA deal end up klling the stock like the CSCC deal did....