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Technology Stocks : Ascend Communications (ASND)
ASND 196.01-0.8%Nov 10 3:59 PM EST
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To: hal jordan who wrote (33514)2/5/1998 8:34:00 PM
From: Joseph Colombo  Read Replies (1) of 61433
 
<<<Just sold half my ASND Feb 30 calls @ 3. Don't know if that was a mistake.>>>

Hal,

ASND bit me only once. In Aug. I stayed with it all the way down. It was a hell of a bite. But in the last couple of months, options are the only thing that has allowed me to come back.

Have you noticed that this stock will always land right in the mark on the third Friday of the month.

Right on 25,30,35.

If I am in the money one or two points, and it's about a week from the expiration, I sell.

If I try to get greedy, the option will land on 'Go to Jail'.

Amazing.
Joe
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