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

To: Jim Lou who wrote (30419)	1/14/1998 7:11:00 PM
From: Inga	Read Replies (1) \| Respond to of 61433

No, Jim I have no plans to unload ASND until the end of Q1 or whenever the stock price gets back to the old glory of 60+. For short-term trading of dangerous stocks like ASND, I use options as a hedging strategy to generate and keep my profits whether ASND goes up or down. IMHO, without some form of insurance the ROI can be as large as NEGATIVE 50-60%. Options with proper deployment can be an advantage for small investors to leverage. This can be a great trading tool to help us outperform large institutions. I have learned the hard way (after 100K loss) that BUY and HOLD does not work. Good luck.