Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

3:59 PM EST

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To: Christopher White who wrote (13462)	9/18/1997 7:12:00 PM
From: Intel Trader	of 61433

For those of you who believe "I bought the stock when it crashed... therefore it will go up", and are now upset about the rate that it is ascending in price, be careful. You are in the majority, and the majority isn't right in this game for long. ASND sustained some major damage. A lot of very patient people with a lot of money and huge resources ended up dumping it in a massive way because they suspected that (maybe they're right) things will be exceedingly foul soon. My prediction is that this stock needs some time to develop its confidence among investors. Perhaps several months before all is forgotten and forgiven. Maybe I'm wrong, maybe greed will immediately replace the last couple of week's fear, and wouldn't that be nice. Drop the wishful thinking and hope. There is no quick nor easy money to be made here. it

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