Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: mark alan rosenberg who wrote (22469)	11/10/1997 8:52:00 PM
From: Orhan Birol	Read Replies (1) of 61433

Forget the $15 surge; you won't get $1 up, as long as COMS, CSCO and all the other techs are tanking. This is what happens when people invest in stocks without a stop-loss order. I was in this dog too! But took my loss when it broke 35, on the way down from 37. $2-4 loss beats being caughtin this falling knife. Everybody in this thread has a loss on this stock. If you really believe that there is a chance of a takeover and are afraid to sell the stock, buy your selves short term puts-22 1/2's and 25 "s if you have some money left. The stock has broken all support: 40, 35. No one can tell where the bottom is. But don't compound your mistakes by buying more on every down-tick. At least if you are going to average down, average down when the whole sector turns around. Alwys keep a stop and hedge with cheap options. Good luck, Orhan

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