Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.49

+0.3%

2:10 PM EST

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To: Pullin-GS who wrote (9353)	8/20/1997 8:51:00 PM
From: Tom Hays	of 61433

Hey Paul Blakeslee, I wasn't going to do this but you forced my hand. Everybody else on this thread should be interested in this also. I just did a follow up on Paul Blakslee's day trading. He bought as follows: 8/19/97 bought @ 46.00 8/20/97 sold @ 46.50 8/20/97 bought @ 46.00 8/20/97 sold @ 47.375 8/20/97 bought @ 47.875 Let say for arguments sake that each trade was for 500 shares. 46.00x500=23000 + 15 commision = 23015 46.50x500= 23250 - 15 = 23235 Profit of $235.00 46.00x500=23000 + 15 =23015 47.37x500=23702 - 15 =23687 Profit of $687 47.87x500=23935 + 15 = 23950 Like all day traders he can't hold himself back from chasing the stock. ASND might open higher tommorow then he is farther behind in his repurchase. He gave back all profits plus paid in an additional $28.00 and he has to pay short term tax rates on all the profits he made today putting him farter at a lose for the day. So when he toots his horn on the thread about how smart he is you and I will really know the truth about this blow hard. Tom Mc Fly Tom Hays Tom Hays

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