Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.93

-2.9%

12:05 PM EST

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To: hpeace who wrote (17603)	10/13/1997 5:25:00 PM
From: Riskmgmt	of 61433

Thread, here's hoping that intl and cpq earnings have an updrift effect and pull asnd above 35... Steve, I believe both intel and cpq will meet or beat the estimates. I sold covered calls for Oct 35 @3/4 and bought the Oct 30 puts as you had suggested, for insurance, against a worse case earning scenerio. Today, I tryed to buy back the calls but they never met my target. Question, would you buy back the calls even at a loss rather than risk being called(my cost on the stk is about $41). I guess what I am really asking is, how much effect do you estimate a positive earnings report from Intel would have on asnd? regards, Ray

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