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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%3:59 PM EST
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To: DX who wrote (36694)2/27/1998 5:36:00 PM
From: Glenn D. Rudolph   of 61433
 
Next time you could try to sell covered calls. It works better. IMHO.

DX,

One should never write covered calls unless it is in an account that does not permit naked puts. A covered call is a synthetic naked put and ties up equity that may be used elsewhere.

Glenn
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