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


To: Glenn D. Rudolph who wrote (34962)2/15/1998 9:57:00 PM
From: Peter Yang  Read Replies (5) | Respond to of 61433
 
I have sold covered calls on ASND because the continous insider sales:

NAME Shares Sale date

MORY EJABAT 35,000 01/30/98
SCHNEIDER BERNARD 25,000 02/09/98
STAGNO ANTHONY 11,693 02/09/98
DAVID F. COLICCHIO 5,000 02/13/98

In terms of TA, ASND is pretty strong right now. I'm thinking to add more or buy back the calls. However, I also remember that last time after Ejabat and others sold at 30s, ASND dropped to low 20s. Are these insider sales really insignificant? Please comment! Thanks,