Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.66

+0.5%

10:51 AM EST

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To: Paul Bush who wrote (14984)	9/29/1997 7:18:00 PM
From: Jeffery E. Forrest	of 61433

TIM NEVER "hyped" this dog of a stock. He called it as he saw it. I think the following is appropriate for this situation. It's from the Steve Nison book, "Beyond Candlesticks" Beoming a Market Chameleon "When first placing a trade you have expectations about how the market should act. However, the market is fluid, ever flowing and ever changing. As a result, you must continually monitor the market's path to see if price action performs according to your expectations. If NOT, you will have to take appropriate action. Adapting to changing market conditions is what I call being a market chameleon. Being a market chameleon, that is, quickly and effecively adapting to a new market environment, is a vital element to sucessful trading. There is an appropriate quote that I heard years ago. It compares trading to fencing. It said that in trading, as in fencing, there is the quick and the dead. Being a market chameleon means that you are quick enough to adapt to the market so as to "live to trade another day"

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