Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: uu who wrote (20731)	11/3/1997 4:36:00 PM
From: Riskmgmt	Read Replies (1) of 61433

Regretfully that does not solve my past mistake of investing in ASND! I am a long term investor but with all the recent credebility issues with management, insider sellings, hype and their smooth/sleezy way of telling investors that their growth is slowing down, has brought me to a point to push the button in about 10 minutes from now (right at the close) and dump my ASND shares and take the loss as a tax write off for this year. A very expensive lesson to learn to pay attention more to P/S and the management! Addi, I had a similar experience with Silicoln Graphics. I finally sold at a loss at $24 friends told me I was crazy, that the stock was at it's low, that it was a 40+ stock etc, etc. The stock can be bought for about 14-15 today. I sold some ASND today for the same reason that you did. It may be higher tomorrow or next week but I sure feel relieved. Regards, Ray

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