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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 (17706)10/14/1997 10:25:00 AM
From: Riskmgmt   of 61433
 
Steve,

Yes-now it makes sense.
ray, it should say, that if the stock is like 38 on friday, then buy the oct 35's back for
3.0625.
Then sell the nov 35's on this friday too.. for 5-6 points.

I guess the only danger is if it just shoots up with no pull back-not likely,IMHO.

Thanks again Steve.

ray
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