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Jim,
Forgive me if I mis-interpret what you wrote, but are you saying you
would buy ASND at 50, and put a stop at 49 3/4? Sounds like a
guaranteed way to loose two bits per share. :-)
ASND has already broken its short term trendline, so I expect more
downside. Perhaps as low as the 50-day MA at 47. If it does, I plan
to buy a good sized chunk (for me), and then hold it long-term, while
selling covered calls and maybe some puts.
On Tue, 3 Jun 97 19:12:49 UT, you wrote:
>Guy,
> I never had covered calls on ASND because it hit my stop before it hit my
>covered call sell price <G>. I would be interested in getting back in ASND
>near the bottom of my short term up trend channel which is currently at 50.
>However, I'd have to be stopped out of something else first to free up some
>funds. I'd set a close stop at 49 3/4.
>
>Jim
>
>-----Original Message-----
>From: Guy Gordon
>Sent: Tuesday, June 03, 1997 12:51 PM
>To: Jim Greening; metastock-list@xxxxxxxxxxxxx
>Subject: Re: ASND
>
>Hey Jim!
> I see that ASND is coming back down, along with the rest of the
>networking market. I'm looking for the right price to buy back in.
>
>Did you sell your covered calls? Are you planning to buy them back?
>
>ASND reached the bottom of my short term channel today at 51 1/4.
>The stochastics and RSI are still saying sell, but I'm thinking buy.
>I think the low might be at the 26-day MA at 49 3/4.
>
>Your thoughts?
>
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