Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.00

-0.6%

Dec 16 3:59 PM EST

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To: sepku who wrote (34291)	2/10/1998 10:01:00 PM
From: Daniel W. Koehler	Read Replies (1) of 61433

Style: Good to have you back! I sold all my Mar 30 ASND calls today and rolled out to the jun 40's at 2. I like the new "conservative" Asnd profile - no 5 point up down gap days - just steady gains 1/2 to 3/4 points You still holding 'til 50 ? I remember you said you had a basis of 33 and were holding for a 50% return. I think we could get there if 2h98 is strong. Long CSCO Apr 65 calls and have both sides of the ORCL 27.5 Jun options w/ a few more puts than calls. Let's hope we can get through Feb w/o a war. As much as I would like to take out Saddam, we don;t want to end up subsiding him with the higher oil prices that would result. In fact, this whole confrontation with the UN might be designed to push up oil prices ala 1990, come to think of it. Ciao. See you at 50! Daniel

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