Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.01

-0.8%

3:59 PM EST

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To: Pierre Aydin who wrote (20709)	11/3/1997 3:08:00 PM
From: uu	Read Replies (1) of 61433

Well, I have never ever sold a stock after holding it for such a short period of time (3 months). My average share price is at around $40 (enetered at $46.5, averaged down at $40, and $32.5). But I think I am going to sell today and bite the $29K loss as a tax write off (unless I find a really good reason before market closes today to hold on to the shares of this company). This company may or may not have a strong fundamental. I dont really care anymore. What has really made me upset is the management and their credebitlity. I never thought I'd say this but the management seems to be a clon of IFMX management during Phil White's days at IFMX! Oh well, a very expensive lesson (for me anyway) and hope next time I look more closely at the management before investing. Addi Jamshidi

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