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: taxikid who wrote (21839)	11/7/1997 12:49:00 PM
From: Wesley Zega	Read Replies (2) of 61433

Thanks for all the advice guys. Like I stated earlier - this is gambling money. I won't add more capital to this debacle. I'm prepared to sit this one out (and paying margin). I broke my cardinal rule - I didn't sell when ASND went down 3 pts (10% of my position). Instead I doubled down with margin with complete confidence ASND's dip was an aberration. The company was not LOSING money and it had about 1 BILLION in sales. Dear God how could I have been so wrong going LOOONNNGGGG. I've watched the NW stocks the past couple of years, with their wild swings, and hope history will repaeat itself. Until then my ass has a good grip on my chair. Wesley

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