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

To: yard_man who wrote (25875)12/4/1997 8:38:00 PM
From: hpeace  Read Replies (2) | Respond to of 61433
 
I don't know. if it gap opens..wait alittle . it could fall back/
it's hard to chase one of these things .
I got mine for 5/8's and got out of the marches.
there is allot of short interest in asnd. 22+ mm shares.
if the hsorts cover then we go up fast.



To: yard_man who wrote (25875)12/4/1997 10:21:00 PM
From: Eubie  Read Replies (1) | Respond to of 61433
 
Suppose you were going to buy dec 30's tomorrow. What limit price woudl you put it in at. IF there is a gap up, how could this be a winner?

I would not buy at the money, nor would I buy December calls for the reason that most buy-outs occur over the weekend, and December is too soon. Buy something like Jan-Feb 25, spend the money, so that if it doesn't happen you don't lose your entire shirt.

Eubie


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