Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Captain James T. Kirk who wrote (26219)	12/5/1997 10:47:00 AM
From: lin huan chen	Read Replies (1) of 61433

Captain James T. Kirk: Buying stocks based on rumors is a losing strategy. I bought 3 k ASND at 32 3/4 and sold covered calls at 8 ( 99 at 40). So my average is 24 3/4. It seemed to be a good idea. But to buy ASND at 30+ now seems to be not a good idea, upside 30 % and possibly bigger downside risk. I will not buy more. Lin

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