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

To: Sector Investor who wrote (30127)	1/13/1998 9:14:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

I happen to hold a slew of March 25, March 30 and June 30 calls. Anyone care to comment on how to play them? Sector, I happen to have the same positions and the same question. Also, I have Jan 30s (and 35s!) (that I thought were worthless). What to do??? Gary Korn

To: Sector Investor who wrote (30127)	1/13/1998 9:23:00 AM
From: username	Read Replies (1) \| Respond to of 61433

sector: it depends on when and where you got 'em. In the past, I've been fortunate when I got a good pop and got out fast (like a double in a week like that guy that bought the Mar 30s for 9/16...he's holding though). Then I can wait for another entry point. I've had worse luck when I watched 'em go up and then come back down always staying below my cost, and held 'em till the last week of expiration. :o) I've had the best luck when I buy 'em real cheap, close to the money and several months out, (past the earnings date) and then the stock rips. I own Mar 30s too. pete

To: Sector Investor who wrote (30127)	1/13/1998 10:05:00 AM
From: hal jordan	Read Replies (1) \| Respond to of 61433

>I happen to hold a slew of March 25, March 30 and June 30 calls. Anyone care to comment on how to play them?< I would wait at this stage and let the profits accumulate. If you are worried the market might tank, sell some of the calls to at least get back what you initially invested. If ASND rocket up to the mid 30's in the next week or two, maybe buying some puts could act as another hedge. Finally, you could really add to your profits (but also limit the upside) by selling calls at higher prices, say March 35's. Then, if you are called away, just get the stock from your March 30's. If you are married, take the spouse out to a great dinner on this one. Man, if I had any more money left in my account I would have done the same thing you did. Just KNEW ASND would be upgraded by analysts after January hit. Hal

To: Sector Investor who wrote (30127)	1/14/1998 9:17:00 AM
From: username	Read Replies (2) \| Respond to of 61433

Sector, on the call thing: My chart says today's range is 28 3/8 -29 5/8. If ASND opens below 29 «, the short term resistance is that number. If it opens above 29 «, the support level for the day would be about 28 7/8. I believe that the stock will reach 34 and change before next Wednesday, but that's a couple of days later than we wanted. If the stock spikes above 30 today, I'm gonna pick a spot and hope for the best. I paid a little too much for my Jan 30s, but mostly I have Mar 25s and 30s at the bottom. And thank you very much for you note this a.m.! pete