Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.00

-0.6%

3:59 PM EST

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To: Todd N who wrote (11946)	9/12/1997 12:23:00 PM
From: Peter Yang	of 61433

How often people are driven by fear and greed? ASND was also as low as 36 in the spring. How many people regreted that they did buy or buy enough there when later ASND hit about 60? I still remember what people said on this thread then and they are exactly the same as what we see here today! I believe the reason that many people lose money in the stock market is they always buy high and sell low. They just cannot help it. When a stock goes up you hear a lot of good things about the company and you also got upgrades from analysts, looks like very safe to buy. However, when the stock is in the bottom, people fear it would drop further because of all those negative news, they sell. The real money makers are those who buy at this level and sell when it's in 50s or 60s.

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