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

To: Sonny who wrote (52496)8/21/1998 1:51:00 PM
From: gbh  Read Replies (2) | Respond to of 61433
 
Great clearance prices! How much easier can it get?

Sonny, nothing is a sure thing. Many people were playing this type of position with CIEN/TLAB. In fact, I think I recall Gary Korn saying he was long CIEN and short TLAB in equal share amounts is some type of "arbitrage" play. The only way this play could lose, is if the deal fell apart. Well, look what happened today. I hope for his sake, he closed these positions before today.

Gary



To: Sonny who wrote (52496)8/21/1998 2:11:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 61433
 
Well, I did the following...

Shorted 500 shares of Asnd @50 and bot 700 shares of SRA @32 3/8 a few weeks ago; as an Arb. play, as I reported to the thread.

I just closed the 500 Asnd short @43 1/2 and am holding the SRA shares.

I must be bullish on Asnd!

Best wishes to everyone,
Jan


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