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

To: Jan Crawley who wrote (59508)	1/22/1999 11:15:00 AM
From: Art M	Respond to of 61433

Well, my timing wasn't perfect, to say the least. Bought the FEB 85s and sold the FEB 90s for a 2 3/8 debit, yesterday morning with ASND at 84 15/16. My breakeven is 87 3/8. Then the bottom fell out of the market today and yesterday and ASND has fallen alot more than the general market. I guess I could buy back the 90s, but that would make my breakeven about 89. I haven't really followed ASND, but liked the story and did the trade with profits from recent shorts. Is it reasonable to assume this thing can get back to 87ish by Feb? As Gordon Gecko said 'Bud, I hate losses, nothing pisses me off more than losses' Art