Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: username who wrote (34247)	2/10/1998 5:34:00 PM
From: Pat Hughes	Read Replies (4) of 61433

Pete, Have held ASND for almost 1 year. Bought my first position at 55. Doubled up at 54. Doubled up again at 34. Added more at 33. Bought my last lot at 22 3/8. I have rode this baby all the way down. For all the reasons posted on this thread and elseware about the explosive growth of the internet, I PLAN TO HOLD MY ASND FOR AT LEAST ANOTHER YEAR. The biggest mistakes any of us individual investors make is selling to soon. I have made this mistake over and over again. Far too much potential here. I like some others on this thread < Hi Glenn, :) >, got rocked by having a heavily margined position in both coms and asnd. Fortunatly, I came out allright, a little shell shocked, but continued to add to my position. (I probably slept only a couple of hours between October and November 97' and the wife wanted to have me committed but I eventually got used to being in that huge hole and stopped worrying about it.) I do not want to see a buy out. I think the stock will be back at 80 by next year. I remember AMAT when it was in the dumps...I'm still kicking myself for missing that one. Mory joked at a conference last year that he would sell for $100.00 per share. I really didn't think he was joking! I think we are in for quite a ride. My thoughts only. Pat Hughes

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