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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: Thomas M. who wrote (3231)5/28/1997 7:59:00 PM
From: Glenn D. Rudolph   of 61433
 
ASND had been lagging the NWX for a week or two, but it's making up for that with a vengeance. On intraday charts, one can see ASND is closing powerfully, while the other networkers trail off. Only CS is matching ASND right now. The June 50 calls closed at the money, with no time premium at all despite 3+ weeks to expiration. So, the options market seems to be saying we've come too far too fast. I'm in CSCC at 33 3/8, debating an exit when ASND hits 64. I'm worried I might "jiggle myself out of a position", as Jimmy Rogers would say. Tom, I plan on exiting around 65 too. I closed 50 calls today which I sold ages ago. I have CSCC too all covered but 1000 shares. They are covered at 40. Hmmm...what to do?
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