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

To: Bald Eagle who wrote (24354)11/21/1997 5:54:00 PM
From: drdart  Read Replies (1) | Respond to of 61433
 
You can sell naked puts nad hope the stock does not go below the striking price you choose. You keep the premium that was paid to you and thereby lower your cost basis.



To: Bald Eagle who wrote (24354)11/21/1997 8:23:00 PM
From: muleskinner  Respond to of 61433
 
Obiously you have to buy more stock. No one said anything about not buying more stock. What Im saying is that they are either buying more stock in lots now and then selling the higher cost basis 31 days later. They have apprently been doing it for the last month. I doubled up a month ago at the lower price and then sold the same amount 31 days later. Does that sound alright???


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