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Technology Stocks : Ascend Communications (ASND)
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To: peacelover who wrote (38898)3/12/1998 4:19:00 PM
From: Gary Korn  Read Replies (5) of 61433
 
Peacelover,

Good investing for you too! I want to make it clear that I'm not bearish on ASND, but I am concerned that visibility is less than it once was. With less visibility there is more risk. (Both upside and downside risk, I suppose).

Anyway, as ASND is "on-track" for the quarter, there should be no serious downside risk, other than however the market might react to earnings when they are announced.

For sure, the long term ATM strength is impressive. That being the case, I would not lighten up on my long-term shares. It is the short term April puts (particularly out of the money puts) that I'm avoiding given the risk.

Gary Korn
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