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

To: Sector Investor who wrote (30742)	1/16/1998 12:07:00 PM
From: Gary Korn	Read Replies (3) \| Respond to of 61433

Tuesday trading will be in anticipation of earnings and Wednesday in RESPONSE to earnings and CC. Sector: I have to say that I am a little worried about the "buy on the rumor, sell on the news" effect. That being so, I do want to lighten up or eliminate my March 30 call positions on Tuesday before earnings, perhaps replacing them with 1/2 as many shares or fewer. I'd do this because I can wait for 2H98, but my March calls can't. Glenn Rudolph suggested lightening up on some shares and writing an equivalent amount of Feb. 30 puts. It limits the upside, but buys about 2 points of downside. Gary Korn P.S. Email your mailing address.