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

To: Chris Ariens who wrote (38830)	3/11/1998 8:08:00 PM
From: Joseph Colombo	Respond to of 61433

<<Is anyone else out there using options to leverage your investment potential, and any other thoughts as to what types of manipulation the MM's are involved in.>> Chris, I like to give my self at least 60 to 90 days, and but AT the money or a little ABOVE or BELOW. My feeling is that if the stock has a positive momentum, pay for the time value so that you can handle the the weekly dips. Just my humble options strategy. Joe

To: Chris Ariens who wrote (38830)	3/11/1998 10:31:00 PM
From: Gary Korn	Read Replies (4) \| Respond to of 61433

I like the April 40 calls now Chris, I don't like call writing generally, as most expire worthless (I prefer writing puts and taking in time premium rather than paying it out). But it's great that you are making money with them. My specific concern with the April calls (or puts) is that they expire the day after ASND reports 1Q earnings (though this date is becoming harder and harder to nail down). It therefore could be a wild ride on Friday, April 17. Gary Korn