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

To: AlanH who wrote (45240)4/23/1998 4:52:00 PM
From: Peter Yang  Respond to of 61433
 
The institution holding on CS has increased about 6% since last month.



To: AlanH who wrote (45240)4/23/1998 4:59:00 PM
From: gbh  Read Replies (1) | Respond to of 61433
 
Alan, thanks for getting back to me,

a) Have a margin account, authorized for long/short spreads, uncovered option writing?
b) Protect your long ASND position by writing options?
c) Have an addtn'l $5K (risk free) to support Fed requirements?

a) yes, yes, yes
b) don't like writing covered calls. Done it only twice, and lost stock both times, regrettably.
c) yes


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