Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: michael who wrote (23463)	11/14/1997 3:17:00 PM
From: Harry Ehrlich	of 61433

ASND is still not responding; the Naz is up 25.96. You paid 23.5 and you can sell for 24 9/16. That's better than 1 point profit. I know I would take it. There is still a good possibility that ASND will move to the strike price of 30. So, what to do. I would place a trailing stop at 24. That locks in a 1/2 point profit (barring a gapdown) and leaves you in for the ride to 30, if it happens. You are in a very favorable position, compared to most on the thread. I am just giving you my advice, which is not worth too much. You must do your own research and make your own decisions. But the pro's all believe in trailing stops. Your trailing stop locks in a profit, which is the best position to be in. You can place the stop with your broker, or keep it as a mental stop if you watch the screen all day. Good luck. Harry

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