Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: STEVE who wrote (58255)	12/22/1998 11:40:00 AM
From: hitesh puri	Respond to of 61433

Shorted it at 80 in Jan 97 covered at 70. Was in at 55 because of Cascade holding then averaged down at 27 in Dec 97 . Did quite a bit of call selling to get the average down further. I showed the lashes on my back to Mory at the shareholder meeting in April 98 and he showed me his black eye with the promise that they would be ultra conservative and tight lipped (growth rates of 20% ? Cmon!). Wall Street hates that tactic now but ASND management decided to let the contracts and earnings speak for themselves (recently they have been shouting). -hitesh