Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 215.25

-1.0%

Jan 15 3:59 PM EST

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To: hpeace who wrote (17645)	10/14/1997 3:37:00 AM
From: Riskmgmt	of 61433

I think 35 close is the best possible effect for asnd., Although it can rip on up there, If it doesn't then buy the oct 35's back on firday and sell the nov 35's. Steve, I don't know if it is because of the hour, but I am confused on your answer here. The October option expires on Friday(technically Satureday) so why buy the October 35,s back on Friday? I can see selling the Nov 35,s for the premium with the hope of buying back before any big rip on up there. Re_reading your post after reading your other links-I guess that you maybe think the 35's may be bought back for a 1/4 or 1/8 on Friday because of the evaporation of the time premium. But if so, is it worth paying the commision to buy back (about $60 for me)? I appreciate your taking the time to help me here- you obviously know your business. I will read the Mcmillian book. thanks, Ray

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