Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

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To: Gary Korn who wrote (38845)	3/11/1998 11:38:00 PM
From: Chris Ariens	Read Replies (1) of 61433

>It therefore could be a wild ride on Friday, April 17 I am expecting the same. IMHO, the stock will run up a bit in the beginning of April as buyers move in anticipation of the earnings release. Generally, I do not hold options until expiration - since 80% of options expire worthless anyways. I typically buy 1 or 2 months out and sell within a month of buying - or sooner if a target price is reached or if conditions deteriorate. It's a high-risk strategy, although the risk is limited to the premium paid. and I wouldn't advocate it to anyone who isn't prepared to accept a heavy loss or miss out on a huge gain occasionally. I remember a couple of days before INTC announced 4Q earnings in January, the stock had gone nowhere and sentiment was very bearish. I sold my Jan 70 calls with a week to go, at about 10 in the AM, if I held on just an hour later, they would have been worth double the price I sold for. For Apr40 Calls, I would likely sell if ASND hit 40 with > 1 week prior to expiration, and at that time decide on another exit point based on market sentiment about the earnings forecasts. I think expectations are they will meet or beat the street estimate.

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