Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.50

+1.5%

Dec 24 12:59 PM EST

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To: Tim Luke who wrote (16637)	10/7/1997 11:46:00 AM
From: Andie Wei-Ku Lin	of 61433

A position which may satisfy members of both clans here on the Ascend thread may be selling the Dec30P for 2 1/8-1/4. If you think the stock will tank after earnings, then you are covered down to ~28 (although you probably won't get delivered the stock at that point). If you think the stock will go up after earnings but don't want to buy the stock outright, then you are also fine collecting the premium. If you don't have an opinion either way, you get a stock in a sound company which we all seem to agree will see the 50's again...but just seem to disagree on the time frame...at a discount. In any case, making nearly 100% in 6-12 months isn't all that bad, no?

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