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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

Nov 24 3:59 PM EST

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To: Greg Jung who wrote (19570)	10/29/1997 7:32:00 AM
From: MarkM	Read Replies (1) of 61433

Greg: But slow or dead lines can work in your favour too! Three times it saved my bacon yesterday. First I was foolishly going to dump my CPQ shares at open, in fact I had a market sell order into the open. But the NY didn't start trading CPQ for about 5 - 7 minutes, time-enough for me to see that the NASDAQ had plummeted and turned. I rapidly cancelled my CPQ order. Secondly, as I saw the market rising I tried to buy DIMD at 8.125 (it's low was 8). Thinking this was a false rally I cancelled and the system told me it was cancelled. Later in the day with DIMD at 10.5 I found out that it really did fill. Finally, thinking my first order of DIMD had cancelled (the computer system thought so too) it allowed me to buy again at 9.3, still on the way up. Still not fully convinced of a full-fledged rally, the market turned momentarily, so I sold at market. Then everything locked up, even telephone circuits. I found out hours later that my market sell took 45 minutes to fill, and DIMD was a buck higer. All-in-all, I made 37.5% on DIMD yesterday using some real money and leveraging some thin air, and saved my bacon on CPQ because of NY delays! Manna from heaven. Go delays! Go computer foibles and glitches! Onward and upward!!! Mark

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