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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST

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To: satish kamat who wrote (26819)12/7/1997 11:54:00 AM
From: Glenn D. Rudolph  Read Replies (2) of 61433
 
I am sure you will take this info only as my experience. Feel free to share your experience and thoughts even if they may point to flaws in this strategy. And Good Luck. Satish, Your strategy looks fine to me. Mine is typically similar but I wrote too many positions for such huge percentage drops. There are so few people on SI that ever admit to a loss. I find that strange. I feel I am reasonably good but I error at times<G> I will be picking up time premium in ASND each month or months depending upon the situation. This will correct my error and I will not make that error again. Last week was finally a good week for me and the sell off of ASND at close helped for me to re-enter with more cash on calls unless in opens way up on Monday AM. I will hold until aquisition as are you unless the spying comes true LOL:-) Good luck to you too! Glenn
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