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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: Jan Crawley who wrote (45094)4/22/1998 11:52:00 AM
From: Riskmgmt  Read Replies (1) of 61433
 
Jan: Re: covered and naked calls on Ascend.

Hi Jan,

I have been reading your posts with interest and, like you, after going long Ascend in the low to mid-thirties, I looked for a pull back. I sold calls, covered and later naked. I rolled out of Aprils into Mays. I am surprised that we went as high as $44 yesterday but see that today we are pulling back. Do you expect to see the stock break $40 or $45 first?

Any other TA readers welcome to comment.

regards,

Ray

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