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

To: Mighty Mizzou who wrote (59748)	2/5/1999 11:09:00 AM
From: Finder	Respond to of 61433

The arb spread is widening.

To: Mighty Mizzou who wrote (59748)	2/5/1999 11:19:00 AM
From: limtex	Read Replies (5) \| Respond to of 61433

mm - Are we to assume that the daily downwar depreciation on ASND is going to land up with the companys stock at $20? I don't think so. I bet all the selling is funds and institutions and that most of the oprdinary stockholders are just sitting tight. Eventualy this stock is GOING to be converted into LU at .86 and that certtainly means more than $80. Let the panic merchants do their stuff and if they want to give you stock at $75 well then do what you would do if someone left a whole bunch of $100 bill on the street in front of you and walked away saying ' take them..I don't want them any more' Regards, L