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


To: Gary Korn who wrote (30744)1/16/1998 12:15:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
<<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.>>

Most of my calls are Mar '25 and June '30s.

I have some March '30s that will be the first to go.

I have a unique problem in that my shares are mainly in R/O Iras and
my calls in a cash account. So I have to pick the best time to unload,
but won't be buying any more shares.

Comments on selling later today vs Tuesday-Wednesday or later?



To: Gary Korn who wrote (30744)1/16/1998 12:15:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 61433
 
Gary:

Have 4.2K @ avg of $33.5. Really don't feel like doing anything right now. Comments ? Don't own any options

Regards



To: Gary Korn who wrote (30744)1/16/1998 1:03:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 61433
 
<< suggested lightening up on some shares and writing an equivalent amount of Feb. 30 puts.>>

Writing Feb30 calls on the stock would be equivalent, n'est pas?

Greg