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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Gary Wisdom who wrote (44770)4/17/1998 11:40:00 PM
From: Daniel W. Koehler  Read Replies (1) of 61433
 
Gary

I'm not sure about next week either. I was expecting ASND to capitulate to option expiration at 40 and sold half my Jun 40 calls at 41 5/8.

My strategy for next week is reestablish my full 40's call position if we dip. if we keep going up I am holding but with an eye to legging into a straddle with 40 puts if we hit 45.

I do expect a trading range of 39 -44.

Ciao,

Daniel
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