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

To: Glenn D. Rudolph who wrote (36834)	3/1/1998 11:10:00 AM
From: FUZFO	Read Replies (1) \| Respond to of 61433

Glenn, I also never buy any protective puts but I appreciate what it is they protect against. I agree if one thinks a stock is getting a haircut, it may be more profitable to sell the shares and buy back in lower. I see protective puts as "Catastrophe Insurance". In the future I will try to avoid catastrophe altogether and exit any meltdowns at the first sign of real trouble (ie:7/97 10k or 8K?). Fuzfo