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Technology Stocks : Ascend Communications (ASND)
ASND 212.98+1.8%3:59 PM EST
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To: Tim Luke who wrote (9478)8/21/1997 6:51:00 PM
From: Ashley Campbell   of 61433
 
I have a "long term" position with an an avg. share price
of $43 (actually, it was $40 for ASND, but then there
were Cascade shares with the ASND equivalent price of
about $46). I'm trying to hang on to these and not
be tempted to sell...

Then I've some that I trade more frequently.
I actually shorted some at 48 9/16, but covered at 47 7/8
when the stock started to head back up. Still, not
bad for my day off ;) (Although given where it closed
I guess I should have hung on. But I don't like to
hold shorts of stocks that I'm fundamentally positive on
for very long, especially one as volatile as ASND. I've
seen it "pop" overnight too many times.

I thought you were going to go long if it dropped?

t.
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