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

To: EDC who wrote (40450)3/21/1998 10:03:00 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 61433
 
I have been averaging down on Ascend in the past week. My
basis is around 34. Do you think it is wise to buy April 30 puts for insurance? I plan
to ride out the storm, but I have a feeling that if the market corrects that it will also
take down Ascend even more.

If it makes you more comfortable it could be wise. There is the possibility of more downside action. From a technical standpoint looks like 30 is possible.

207.95.154.130

Jeff



To: EDC who wrote (40450)3/21/1998 1:45:00 PM
From: Joseph Colombo  Respond to of 61433
 
<<Do you think it is wise to buy April 30 puts for insurance? I plan to ride out the storm,>>

EDC,

I know we pay a premium for the time, but be safe and buy May 30 or 35's.

ASND is so tough in the short term.

Joe


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