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

To: Lee Martin who wrote (26791)12/7/1997 11:41:00 AM
From: Inga  Read Replies (2) | Respond to of 61433
 
Lee, have you ever considered the purchase of short-term put options (1 or 2 months perhaps) to protect (lock in) your WDC paper profits when your share price doubled from 26-27 to 53+. The worst thing that can happen is to lose your premium to cover the 14k shares you held which you can more than afford of doing so with the paper profits. The insurance premium far outweighs the lost profits when you bailed at sub 40, don't you think? Can you tell me your reason for not buying the puts to gain a 1-2 month window to see how the market treats WDC since it becomes slightly overvalued at 53-54 at that time. Regards,



To: Lee Martin who wrote (26791)12/7/1997 12:05:00 PM
From: sunfish  Respond to of 61433
 
Lee-

Thanks for your story. You will get your place in the Yellow Pages, I'm sure.

You might want to consider selling off only a portion (30-50%)of your position when a stock runs up (doubles, whatever) instead of selling all and buying heavily into a new stock. I've purchased lots of new stocks with the proceeds from partial sales of my ASND holdings.


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