Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.88

+1.6%

3:53 PM EST

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To: CJ who wrote (56958)	11/9/1998 7:44:00 PM
From: thebeach	Read Replies (2) of 61433

If someone has sold the Nov 55 calls and expects the stock to run past 55 then he/she should cover.They should only cover if they expect the stock to run past the cost plus 55.Otherwise hold on and if the stock hits 55 tomorrow they could be in deep doo-doo because the premium will still be quite high with 9 days to go and all kinds of rumors flying.You might think about buying some protection out to Dec,maybe the 60's.Good luck.

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