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

To: James A. Shankland who wrote (23518)	11/14/1997 6:55:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 61433

Selling calls after a stock has taken a beating, is not wise. Now if you feel the worse is yet to come then just get rid of the stock, but to sell covered calls on ASND is a mistake...Selling covered calls after a stock has had a big run makes a lot more sense, don't you think? After all, if they take the stock away from you after it has had a big run up, that is OK...no one every died making a profit...however having someone take the stock away from you at a cheap level is a mistake...in addition the premium is low on ASND at this time...if you sell calls when the stock has had a big run up, then the premium is large!!