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

To: James Bowser who wrote (30695)1/16/1998 9:41:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 61433
 
So would you sell into this strength and buy back lower?

I would sell Mar 30 or above calls into this strenghth if they were at a profit, and then buy perhaps 1/2 the number of underlying shares. I would do that because timing is difficult, ASND's better performance will be 2H98, and because these are long-term shares worth carrying. I hate to see call value wither away.

Gary Korn



To: James Bowser who wrote (30695)1/16/1998 9:43:00 AM
From: S. M. SAIFEE  Read Replies (2) | Respond to of 61433
 
Street is just came to recognised the facts, stock should have never punished in the first place.


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