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To: hpeace who wrote (4690)	2/26/1998 11:00:00 AM
From: Nazbuster	Read Replies (1) of 4749

asnd will be in 50-60's this yr. I'm looking for at least 48-50. 60 would be nice... What I'm wondering, is how to evaluate when it is no longer advantageous to hold onto my leaps given the steady up-trend in ASND's price and certain erosion in the time-value. Right now, the time value in the JAN99@30 is about 4 and the time value for the 40's is its current price: 6. Since there are 10 months to go, I guess I can sit it out for awhile. I do have about a 4 to 1 relationship in shares controlled with the leaps, so I guess getting 1/2-3/4 point gain when the stock rises 1 point is OK. Maybe I answered my own question! P.S. I'm just starting reading McMillan. Whew! A hernia with this one!

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