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Technology Stocks : Ascend (ASND) Traders
ASND 201.08+2.6%Nov 11 3:59 PM EST
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To: CJ Mark who wrote (60)9/9/1997 5:52:00 PM
From: rkf   of 369
 
CJ, I guess my philosophy is to take singles over homeruns.
I do hope to eventually write in bigger blocks (2-5 contracts), but
you gotta start somewhere. I think/hope ASND will run to $51-52. I will write the Oct. $50's when the premium hits around $4-5.
That will give me a 6 week return of about 30-34%,before commissions. Compound that rate of return out about 4-5 years and see if the total interests you.
It's not flashy, but I know my final objective.

Thanks,
Kent
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