Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.59

-1.4%

2:58 PM EST

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To: Nazbuster who wrote (14068)	9/23/1997 2:58:00 PM
From: Pullin-GS	of 61433

Paul, I've always wondered if traders wouldn't do better just putting their certificates in a shoebox and forgetting them! Do you ever kick yourself for scalping a few points off a stock which enjoyed a six month steady climb? Never. I have my share of long postitions as well. You making asumptions. Have you ever kicked yourself for holding a stock for 9 months (ASND at 80) and not scalping for many points during that time? You could always sell your "shoebox" shares for a 50%+ loss. I'm ahead for the same period with ASND. With four trades a week, does your overall annual appreciation rate of your whole investment pool justify the stress and attention required to do trading? Stress? I enjoy it to be honest with you. Perhaps you should keep away from stocks alltogether if you consider it stressfull? You failed to mention the momentum trades as well....in and out the same day: 1)10% yesterday on one stock cashed out. 2)Rolled equity AND profit into another and made another 3% yesterday. 3)Today cashed out one position for 12%. Taking a loss on paper on another...should recoup later though. These add up. You do your thing....I'll do mine.

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