Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.43

-1.2%

3:36 PM EST

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To: hal jordan who wrote (29213)	1/3/1998 12:03:00 AM
From: Gary Korn	Read Replies (4) of 61433

Hal, You may be right, however, I'm not good at chewing up assets with downside insurance. I've found that puts fail if (1) the stock rises or (2) the stock idles. I think they only help if (3) the stock drops fairly sharply. This has happened to me when I've done protective puts. That is, the stock idled and slowly, too slowly, drifted lower until the puts expired worthless, costing me money. I guess I would have been happy (or at least protected) had the stock really tanked. I will tell you, though, that the puts let me sleep easier...no fear of the great precipice (even though I ultimately lost money on them...doubtless because I did not deploy them properly). Consequently, I think my investment style calls for me to move assets into a stock that I think might have a greater upside potential. But I do appreciate your suggestion! Gary Korn

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