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

To: uu who wrote (30413)	1/14/1998 5:24:00 PM
From: Bald Eagle	Read Replies (4) \| Respond to of 61433

I am interested in opinions on my ASND position. I bought several months ago at 41. I decided to raise a little cash recently, so sold Jan 99 45 calls. My reasoning being, it looked like it would be a long time for ASND to move up above 41 and even if it did go as high as 45, I would at least make some money. In the meantime, I could put the call money somewhere else. Anyway, with the recent upward move, I'm tempted to buy back my calls ( at a loss ) and free up my stock, maybe to sell a shorter term call. Is this ASND upward trend for real? Suggestions?

To: uu who wrote (30413)	1/14/1998 7:02:00 PM
From: ION$	Respond to of 61433

If, as you state, trades that go against you get parked into a long term account and therefore are subtracted from your near term account, and if, as you state, you never sell a loser, (excuse all the comma's) what happens if you have a series of trades that go bad? As a trader, one must know when to cut ones losses. Unless, of course you feel that ALL trades will come back eventually. Hasn't been the case in my trading career. I hope its so in yours. I've cut losses for tax and common sense reasons. These decisions have helped keep me in the game. Good luck. Regards, ION$