Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 216.92

+0.2%

3:59 PM EST

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To: Sector Investor who wrote (30127)	1/13/1998 10:05:00 AM
From: hal jordan	Read Replies (1) of 61433

>I happen to hold a slew of March 25, March 30 and June 30 calls. Anyone care to comment on how to play them?< I would wait at this stage and let the profits accumulate. If you are worried the market might tank, sell some of the calls to at least get back what you initially invested. If ASND rocket up to the mid 30's in the next week or two, maybe buying some puts could act as another hedge. Finally, you could really add to your profits (but also limit the upside) by selling calls at higher prices, say March 35's. Then, if you are called away, just get the stock from your March 30's. If you are married, take the spouse out to a great dinner on this one. Man, if I had any more money left in my account I would have done the same thing you did. Just KNEW ASND would be upgraded by analysts after January hit. Hal

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