Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: Bald Eagle who wrote (23630)	11/16/1997 4:45:00 PM
From: Sector Investor	Read Replies (1) of 61433

<<Hindsight is always 20/20! I'm still 99% invested and just look at the last couple of months as an expensive lesson. At least, I'm not margined. I'm looking into selling covered calls as an income producer in my IRA. As soon as I start selling covered calls, that will be a very bullish sign for the rest of you, because my stock is bound to be called away from me and deprive me of the profit I could have made!>> I was caught by this one too. I took full advantage of the February-April dip, took good profits in the Summer and never chased ASND past $41, so I'm still in good shape. My problem is I thought $30-$32 was the bottom and did a lot of buying there. Then the Asia thing hit like lightening and I was caught without a lot of cash to take full advantage of this latest round of tech stock bargains. Still, I picked up more around $24, so my break-even in now under $30. I'm not worried in the least. We all learn from these events. Some of us will profit as well.

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