Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Lee Martin who wrote (26791)	12/7/1997 11:41:00 AM
From: Inga	Read Replies (2) of 61433

Lee, have you ever considered the purchase of short-term put options (1 or 2 months perhaps) to protect (lock in) your WDC paper profits when your share price doubled from 26-27 to 53+. The worst thing that can happen is to lose your premium to cover the 14k shares you held which you can more than afford of doing so with the paper profits. The insurance premium far outweighs the lost profits when you bailed at sub 40, don't you think? Can you tell me your reason for not buying the puts to gain a 1-2 month window to see how the market treats WDC since it becomes slightly overvalued at 53-54 at that time. Regards,

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