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

To: Sonny who wrote (52040)	8/14/1998 4:25:00 AM
From: Spaw	Respond to of 61433

Sonny... Still, I see the stock at 45 by next Friday. Just a short term move. I could be totally wrong, but I trade on my own experience and observations. If I were right as much as I would like to be... --spaw--

To: Sonny who wrote (52040)	8/14/1998 12:29:00 PM
From: Sonny	Read Replies (1) \| Respond to of 61433

Great clearance sale again ... look at the minuscule volume on a down move ... imho, MMs shaking out weak-hands and reducing the payouts to traders who want to book a buck before heading home for the weekend! Can't resist, but playing with this idea for now: Possible to make 100% in 3 days? Very likely, like this: QQAHI (Aug 45 call) is right now 2-5/16. So, lets say, we put in a limit to buy at 2. Say it hits during the day. On Monday, all markets open a lot higher (all political factors, preemptive action against next Tuesday Tremors already taking place today ... smooth sailing next week from oversold situations, imho). ASND goes to 48.75, so QQAHI would be around 3.75-4. Put a limit to sell at 4; if it hits, you have 100% in 3 days. cheers longs, (I'll try to avoid joining regretting-asnd-bull-queue again :-) ), -/Sonny.