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Technology Stocks : Ascend Communications (ASND)
ASND 208.98-1.8%Dec 26 9:30 AM EST
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To: john p. carney who wrote (17328)10/10/1997 11:22:00 AM
From: Andie Wei-Ku Lin   of 61433
 
John:

I believe I wrote before that if you aren't certain for the
exact timing of your long entry, then you should consider
selling puts.

I sold the Dec 30 put at 2 1/8 a few days ago. It is now
1 3/4 x 2, which is also not bad. Or, even still, I believe
there are Jan 30 and Mar 30 puts at a higher premium. I
think the majority here on the thread agree that Ascend will
rise to the 40-45 level without much trouble...but are
undecided about the time frame. Some say 3 months to 60,
and other say 12 months to 40. Take your pick...but selling the
30 or even 35 put is an alternative to taking a long position.

Another variation is to buy some stock and selling the Mar 40 call,
and then also sell some 30 puts.
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