Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.76

-1.2%

2:55 PM EST

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To: Sure Thing who wrote (53977)	9/10/1998 10:31:00 AM
From: JH	Read Replies (1) of 61433

Agree that TA has less of a predictive value given the volatility. However, it's useful to project possible targets for establishing entry + exit levels. TA with ASND tells me that we're in no-man's-land. Risk averse potential buyers should not start averaging down until we go below $35. Selling naked puts when we dive down there may be a good idea since imp.vol. ought to rise under those circumstances. Shorting Oct35puts at above $4-1/4 should be a good trade (they peaked at $5-1/4 on Sept. 1st) - I would love to own ASND at a cost of $30-3/4! Today's longs can exit if (and when) gap is filled at $42. That's all.

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