Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Saif Saifee who wrote (7998)	8/5/1997 2:04:00 PM
From: vegetarian	of 61433

>>Nevertheless I covered my short August 50 puts. I am still short August 55 and 60. I am just trying to understand your trading so pardon any ignorance on my part. Does it mean that you bought Aug 50, 55, 60 puts at different times? With the price at 53.5+ covering Aug 50 puts would mean taking a loss, is that what you are saying? what prompted you to take the loss today? would it not make more sense to wait a while and see if ASND is pushed to near 50 around expiration? or are you expecting a huge price run up? Thanks in advance for any clearification.

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