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: Gary Korn who wrote (28353)	12/19/1997 1:54:00 PM
From: Bald Eagle	Read Replies (1) of 61433

<<When ASND was down to 23/12 this a.m., I thought about doing a day trade because I knew the MMs would bring ASND back to striking distance of 25 by day end.>> That's when I bought back my Mar 30 covered calls for 1 5/8, which I sold for 2 11/16 not too long ago. I then sold Jan 99 45 calls to cover a lack of cash in my account. If I get my shares called away I'll make a profit. If they don't, at least I'm cutting my losses. Does anyone know what happens to my calls if ASND is bought by somebody? TIA

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