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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: Mark Duper who wrote (55759)10/10/1998 7:37:00 PM
From: Gary Korn  Read Replies (2) of 61433
 
Mark,

Thanks for your post. I write naked puts on ASND month after month. These have worked well so far. I once tried to day trade ASND, but other stocks work better, for me, for that function (CSCO, DELL, INTC, daily dumpers).

Funny thing is, I'm now likely to do what is called a 475(f) election and treat my day trading as a business. That turns all stock gains into ordinary income and treats stock as inventory, but it eliminates the wash rule (which is what unfortunately got me out of ASND for a nice leg-up last Spring).

I'm anxious to see what develops with Lucent-unleashed. Whatever happens, it should be interesting.

Best regards,
Gary Korn
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