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

To: gfr fan who wrote (54985)	10/2/1998 1:05:00 AM
From: James A. Venooker	Respond to of 61433

Dear gfr fan, I still stand that LU will buy ASND, however, if you read my post, it clearly said "provided that market conditions remain favorable, and or, there isn't a major collapse in the market as a whole." Greenspan cut 25 basis points, and was probably the catalyst for this latest downturn. By not cutting the rate 50 basis points, he has left himself looking VERY STUPID (his comments today further reinforced that). Greenspan will cut again, as soon as humanly possible, then we will have our 50 basis points, and maybe 25 to 50 more basis points as a result of his slow reaction to the current global situation. ASND & LU IS a DONE DEAL, or maybe you don't watch CNBC or read the Wall Street Journal. My post was a blatant outburst of frustration with the current state and instability of the markets. You are an extremely sympathetic person. "Don't get your hands caught in the cookie jar," you would certainly deserve it. Jamie