Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 209.39

-0.9%

Dec 30 3:59 PM EST

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To: who wrote (266)	6/28/1996 9:31:00 AM
From: Deepak R. Ghosh	of 313

Yuwei: In the options market, it does not take long for anybody to commit mistakes. You are no exception. Options are dangerous and difficult to manage because of their inherent volatility and collusion. At your age you are far behind the professionals and they usually lose money also. Statistics show that most people lose options and the institutions make money. So be careful out there, remember the odds are that you will lose more money, than what you make. The trick in investing is not by taking on the highest amount of risk, but taking on the lowest risk for the reward that you want. I know you jumped into USRX and ASND stock and probably CSCC also and lost good money. So you are using reduced principal to make up by playing options where you will get more leverage. Looking back at yesterday, you saw how fortunes turned quickly. Today expect the NASDAQ to go up in the morning, but it can change direction quickly enough to damage you. Be careful and try not losing your principal, then you will never make up the money you borrowed from your dad or your brother, etc. Deepak

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