Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: satish kamat who wrote (24431)	11/22/1997 9:41:00 PM
From: hpeace	of 61433

satish and thread, I'm doing some interesting things with my position now... Of course I'm keeping puts to protect myself.. I lost alittle on the oct 30 puts, but the nov 30 puts I replaced them with hit big... what I'm doing now is selling the 25 calls naked and using my oct 30's calls to protect me..of course on a rally I sold the 25 calls and got to keep all the money for november. I think I get a channeling for a while and this keeps lowering my cost basis. Then during the crash I picked up SMOD and KLIC... woow..what winners... I wasn't doing any recco'ing during the crash except that people shouldn't dell cpq and dell......didn't want to be wrong and we fall through the floor and some little companies sink fast.

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