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

To: Lucinos who wrote (60662)	4/7/1999 4:27:00 PM
From: Lucinos	Respond to of 61433

The spread of ASND/LU dropped to 6.425 from 7.5 in just 30 minutes. P.L.

To: Lucinos who wrote (60662)	4/7/1999 10:01:00 PM
From: sunfish	Respond to of 61433

What's the best strategy for profiting if there is a signficant downturn in LU/ASND stock price for someone who holds a considerable long position in ASND? Selling LU short is one suggestion. How about selling covered LU calls? Other strategies, comparisons of these strategies, or specific suggestions of how to proceed appreciated. If you would like to sell ASND, then why not just short LU. Now, the spread between ASND and LU is back to around 7.50 for each share of ASND.