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Technology Stocks : Ascend Communications (ASND)
ASND 212.55+1.2%12:59 PM EST

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To: Saif Saifee who wrote (8030)8/5/1997 4:12:00 PM
From: Glenn D. Rudolph   of 61433
 
Have you kept up with LEAPS on ASND? Is the time approching to nuy some Leaps? This month s perhaps my last trade on selling puts on ASND. Saif, I have not looked at Ascend LEAPS in a few weeks. I bought some call LEAPS about a month ago and sold them at a decent profit after Ascend went from the mid 40s to the mid 50s. I am going to see what happens to the naked puts I sold for Ascend at this expiration to see if I want to buy LEAPS or sell more puts. The Ascend premium is excellent from the sellers point of view as you know. Glenn
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