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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%3:59 PM EST
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To: The Phoenix who wrote (36686)2/27/1998 5:45:00 PM
From: Daniel W. Koehler  Read Replies (2) of 61433
 
Gary

I've been nervous about CSCO all week so i've traded my APR 65 calls all week as it oscillated between 64 1/2 - 67 1/2 this week
Today I pulled the trigger and sold all 40 contracts. Made 3/4's so they were profitable . Low volume is my main concern as well as not being able to get thru 67.

I look for technical pullback next week to 63. I don't think the big afternoon reversal was just a head fake. Volume is the key.

Ciao,
Daniel
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