Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

3:59 PM EST

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To: Gary Korn who wrote (30750)	1/16/1998 1:06:00 PM
From: Sector Investor	of 61433

R/O IRA investing is a unique situation. I can only buy-sell stock and sell covered calls. No puts or naked calls allowed. I can buy-sell as much as I want without tax consequences. I do all the option stuff in my cash acct, which unfortunately is nowhere near the size of the stock accounts. My problem is simple. I'm holding the shares for at least a few months, but watching daily as I always do. My call hold/sell decision is completely separate. I can sell the Mar '30s on Tuesday, no problem. If we get a short-term drop after earnings, I can buy back June options. If no drop, I still have Mar '25s and Jun '30s.

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