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


To: Bald Eagle who wrote (26018)12/5/1997 2:07:00 AM
From: Vladimir Zelener  Read Replies (1) | Respond to of 61433
 
<< it looks like my ASND will probably be called away from me soon for 30 each. I'll be taking about a 20% loss, .. >>

If ASND will continue to go up You might have an option to buy to close your March $30 at a small loss, and write june/july $40 for decent money. If the timing of your trades is good you might get out of ASND without a loss.



To: Bald Eagle who wrote (26018)12/5/1997 9:08:00 AM
From: blankmind  Read Replies (2) | Respond to of 61433
 
at what point in the day would you want to trade in asnd? although you can now move on to other stocks, this being only the second day of hopefully several days of momentum, would you realy sell at 30? will you at least wait until further in today's trading day hopefully for more info? or even until monday?

i only ask because you have held with this loss (as so many of us have), why sell when you are so close after only one day to getting to even or a gain if these rumors are true?