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

To: James A. Shankland who wrote (51461)	8/3/1998 4:26:00 PM
From: Jan Crawley	Respond to of 61433

No specific recommendation from me, I'm afraid; but I hope I've clarified the issues to consider. James, Ty very much for the discussion. Did not make any options move today. Like your $50 strike better and may try it if we head $50 for a short-term play. Bought some shares and wrote puts on last Friday.

To: James A. Shankland who wrote (51461)	8/3/1998 4:37:00 PM
From: CJ	Respond to of 61433

Good call/put reply, James. // Don't 07/15 and 07/31 volatilities strike any of you as "odd." :) On 07/15, it was a baseless rumor re: AFCI; 07/31 was solid news, but baseless reason for neg. reaction. IMVHO, "someone" is is making a fortune on these plays. [ If someone has already posted on this, my apology - been away and catching-up on the thread.] I am not smart enough to piece it all together; hopefully, some of you more astute Asnders have done so. My compliments to the O.G. for seeing right through it. Being a L/T holder, and occasional day trader, I hope all of you who are similarly situated are also smiling. A good evening to all.