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

To: MMW who wrote (47443)5/22/1998 9:50:00 PM
From: Gil Gilbertson  Respond to of 61433
 
The large nr. of Jan 40 calls are probably funds hedging their profits
or someone putting the call into next year for tax purposes. It
wouldnt make much sense to pay that kind of premium for the period
of time involved to speculate because it would be cheaper to use
margin and pay interest instead......They are essentially locking up
about 50 bucks a share and can buy back later if we have a major
decline at a much lower price, thus making a buck on the downside...
gil


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