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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 9:30 AM EST
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To: James Bowser who wrote (30695)1/16/1998 9:41:00 AM
From: Gary Korn  Read Replies (2) of 61433
 
So would you sell into this strength and buy back lower?

I would sell Mar 30 or above calls into this strenghth if they were at a profit, and then buy perhaps 1/2 the number of underlying shares. I would do that because timing is difficult, ASND's better performance will be 2H98, and because these are long-term shares worth carrying. I hate to see call value wither away.

Gary Korn
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