Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: John Persaud who wrote (1347)	12/6/1996 1:41:00 PM
From: edwin mok	of 61433

John, very interesting strategy to lower your cost base. How did you sell both puts and calls at the same time? Did you sell 1/2 of your position puts and 1/2 of your position calls? Or did you write some uncover call or puts? I have traded options before, but only for speculation or buy them as insurance. If you can explain your strategy, it will be great help to everybody here, thanks. As far as ASND concern, I think it's going to stay here for a while, mainly because of the presure of USRX's 56k modem. I personally don't think the 56k modem will have a great impact in ASND's core business, cause ASND is not a modem company afterall, but the market is seeing the other way. Considering the projected growth of over 100% for the next few years, even at 70, ASND is a good buy for long-term capital appreciation. -Edwin

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