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

To: thebeach who wrote (58943)1/13/1999 7:49:00 AM
From: Christopher Reed  Read Replies (1) | Respond to of 61433
 
Trading in frankfurt at 70.8 Euro = $83.61.

see: finance.uk.yahoo.com*F

S&P March down 25.

It will be an interesting day.

Cheers.
Chris.



To: thebeach who wrote (58943)1/13/1999 7:57:00 AM
From: gbh  Read Replies (1) | Respond to of 61433
 
beach, shorts will likely get their chance to cover today. The overall market will be tanking big time today, with Brazil devaluing, and their Fed chief resigning. European market already down big. Look for 300-400 points off the Dow today.



To: thebeach who wrote (58943)1/13/1999 11:43:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 61433
 
thebeach, ASND and LU will stay in a very tightly linked pattern due to the establishment of hedged positions. This will consist of shorting one stock ad going long the other in the appropriate ratio. If the price of ASND begins to rise too much it will be shorted by arbs. Therefore, the current short position is irrelevant. In case you are interested, the arbitrage position is shorting 1000 LU for each 1,212 ASND you are long.

TTFN,
CTC


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