Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.82

+0.6%

10:07 AM EST

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To: MulhollandDrive who wrote (15503)	9/30/1997 11:20:00 AM
From: Jeffery E. Forrest	of 61433

I've been trying to leave, but I can't tear myself away from all the drama. This had been a rocking chair trade for me up until yesterday. I was rocking like crazy, but getting nowhere REAL fast. I couldn't seem to get past break-even. I came real close to chucking the whole mess yesterday, but decided to give it "one more day". I had small amount of long shares which I had written CC's on, and I had also bought a truckload of PUTS when we came up against the resistance at 38. (Thank you charts<G>) I was only looking for a few points on the short side and had gotten it at 35-36, but todays drop PUT them deep in the money. I closed out the Put position this a.m. No sense playing with fire. Closed out the CC's too, still not sure what to do with the shares. Maybe I'll donate 'em to Craigie Crawford. He could probably use the money.<G>

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