Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: Bill Chen who wrote (42805)	4/8/1998 12:17:00 PM
From: Eric E	Read Replies (2) of 61433

Advice Requested From Thread: I bought 500 @ $31 in October. I would like to remain long on ASND, but I'm tempted to sell today or tomorrow (pre-earnings) at 39-40 for a small gain. My theory is that it will test 35-37 range after earnings. Also, if the past option expirations are any indication, it will be "held" to a lower number (approx. $35) than it is today. I can then buy it back in this lower range and thereby lock in some profits. I realize timing is difficult but I see an opportunity and would appreciate anyone's advice as to my strategy. I just don't want it to take off after earnings if I follow this strategy because I definitely believe in this company long term. I just want to try and play the dips. Thanks in advance for your help. Regards, Eric

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