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Technology Stocks : Ascend Communications (ASND)
ASND 208.66-2.0%3:59 PM EST
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To: P.T.Burnem who wrote (11537)9/11/1997 12:36:00 PM
From: P.T.Burnem   of 61433
 
CORRECTION: I hope no one followed my half-witted recommendation to sell October 30 naked puts. Yes, you'd make some money this way, but not a whole lot.

Instead, sell Dec 30 naked puts. My recommendation to sell an equal number of Oct 35 naked puts stands.

The above reflects a mildly bullish outlook for the stock. If you are more bearish than I am, consider selling two Dec 30's for each Oct 35's. In any case, make sure you have enough cash to buy the stock in case the puts get exersized .

Good luck,

PTB
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