Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.34

-0.1%

11:58 AM EST

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To: hpeace who wrote (17711)	10/15/1997 9:24:00 AM
From: Riskmgmt	of 61433

Steve: I bought the Oct 35 calls back yesterday @ 1/4 and a few @ 3/16. It light of Intels earnings, it probably was unnecessary, but for the small change involved I didn't want to risk being short calls, if intel had met or beat est. Yes, I read your well written account of your trading method (several times) it makes a lot of sense and it is opposite to what emotions usually dictate-i.e when stock drops sell-when stock rallies buy more. Along this line, I am heavy in Intel stock and warrants and am wondering if I should sell some stock and buy LEAPS for leverage. Also, I have great profits in Citrix, a stock which dropped last spring to a low of about 12 and has risen to the $62 range. I have been long since 13 and added at 40 and 50 (wrote puts),now I have sold some March 65 covered calls but with Intel on sale, I may just take profits on the stock and move them into intel. Comments? regards, Ray

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