Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul M. Rengier who wrote (33692)	2/6/1998 12:06:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

So don't sell naked puts now, sell them after the options expiration date . But its a good move to sell covered calls now. The feb. 30 looks juicy. Paul, You have me confused. Why not sell your shares and write Feb 30 naked puts instead of selling covered calls at a strike of 30? That would be a better use of your capital. Glenn

To: Paul M. Rengier who wrote (33692)	2/6/1998 12:06:00 PM
From: Sure Thing	Respond to of 61433

Hey, I'm ok with 30 on the 20th. I'll get to load my margin coffers back to the brim. - Sure Thing -

To: Paul M. Rengier who wrote (33692)	2/6/1998 12:28:00 PM
From: Mr. E2u	Read Replies (1) \| Respond to of 61433

Paul wrote: <<Let me have a guess. We'll hit 33 1/2 and than fall back all the way to 30 in the next 2 weeks. Options parity is definitively at 30, so the market makers would loose big time if they don't bring ASND down to 30. Afterwards it'll continue its trend up. >> I agree with you. That's why I sold all my feb and mar calls yesterday before the close and will wait until on or after options expiration to get back in on the long side. We certainly can't complain about the performance of asnd over the last few weeks. I think we are due for a small pullback or at least leveling out in between 32 1/2 to 33 1/2 for the next week or so granted there is no major news. I do think that we will be between 35 and 40 before earnings warning season comes around again (in about 6 or 7 weeks). BTW I've been on "lurk mode" for a while now because I've been spending countless hours trying to figure out this puzzle.......any help from anyone would be appreciated :-))) junior.apk.net Also I want to say thanks to everyone for the informative posts. I really appreciate it! Keep up the good work! Regards Pheonix