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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: mark alan rosenberg who wrote (20198)10/31/1997 11:43:00 AM
From: robbie  Read Replies (1) | Respond to of 61433
 
Mark

Here's a scenario with a little longer time-frame for you. Right now I can buy June 98 30 calls and sell June 98 25 puts for a net of about 5/8. Any thoughts on risk/reward of this play? TIA

Robbie



To: mark alan rosenberg who wrote (20198)10/31/1997 11:53:00 AM
From: Nazbuster  Respond to of 61433
 
This stock behaves as if Ascend has announced a new line of 300baud modems! They have great products and will benefit greatly from an exploding internet. I'm in for the long term and so is Ascend.

Since I don't have the cash to buy more at these great prices, I sold 400 (keeping 600) and bought JAN99@30 for 6.875 to get some leverage. In 3 or 6 months when everyone realizes that Ascend has not quite rolled over and died, this should fix me up just fine!


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