Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.11

-1.7%

Dec 26 3:59 PM EST

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To: Nazbuster who wrote (13764)	9/20/1997 5:17:00 PM
From: Harry Ehrlich	of 61433

>A stop buy?< Chi-X has given you a reasonable explanation of the stop order. But it would pay for you to get a primer on the market for a more detailed explanation. Stops can serve several purposes. The stop I described to you in the Mastec trade was used to catch a rally and I was stopped in long. Protective (sell) stops serve to protect your profits (or minimize losses) and they stop you out when the stock turns down. Money management is the most important job the trader has. One important form of money management is the "trailing stop" technique. Recommended reading is "Trading for a Living" (get the workbook as well) by Alexander Elder. You can buy this directly from his website at www.elder.com. One reason I no longer trade eSchwab is that they do not accept stop orders on the Nasdaq. Not all brokers will accept stops. I trade Discover (formerly Lombard) as they accept stop orders. Harry

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