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

To: Gary Korn who wrote (29209)1/2/1998 9:44:00 PM
From: hal jordan  Read Replies (2) | Respond to of 61433
 
>If the stock jumps up to 35 on no news (just earnings), then it should still retain a greater degree of upward potential (perhaps including a buy-out figure higher than 40). I've no idea how to play the game if this happens. Someone else will, no doubt.<

I have a thought Gary. Buy puts. Puts for every share of ASND you own. If it goes to 35, buy less expensive puts, such as the 30's, to protect yourself during a downward spiral. I would have saved myself a fortune if I had done this on most of my holdings during the last year. Heck, If I had done this on ASND when it was at 45 you can imagine the savings. Protect yourself in this harsh environment, even if it will cost a little to buy that insurance. I am now a firm believer in protecting profits.

Hal



To: Gary Korn who wrote (29209)1/2/1998 9:47:00 PM
From: SMALL FRY  Read Replies (1) | Respond to of 61433
 
Gary,

Thanks. And, keep the lvl II posts coming. It's addictive and I find myself hitting all kinds of NEXT's until I get to your posts.

See you at 35+. We'll know what to do by then.

There's no fun if you plan!

SF


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