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

To: Gary Korn who wrote (37689)	3/5/1998 3:54:00 AM
From: Marc Hyman	Respond to of 61433

2. Writing a covered call in the same (bearish) situation also makes no sense and for the same reason: If you are bearish, you should have sold the stock rather than have kept it. Ahhh... Here is where we disagree. I may be a long term bull, but a short term bear. When this is the case (and it seems to happen often with tech stocks) it makes sense, IMHO, to write the call instead of selling the stock. It lets me pick up a little extra while waiting for the long term payoff. Yes, it does reduce the amount available for margin. I'm not much of a margin player so this is a non-issue in my particular circumstance. I agree with everything else you said. // marc