Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

3:59 PM EST

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To: username who wrote (29884)	1/9/1998 8:53:00 PM
From: Jeff Jordan	Read Replies (4) of 61433

Damn Asians!!!!!! I bought another 500 shares ASND this morning before going to work.@27...for a day trade placed sell at 28...it hit that but I needed that extra 1/8? bad timing...too greedy...it was looking strong so I figured it would hit later in the day...At noon I discovered the market slide...Ascend was still 27...ok...its holding well no panic...in fact market was recovering some... then I decided I better sell 2500@27...to many people not wanting to worry over the weekend..oops to late...and my options were starting to look nice to.! I'm hoping for some recovery Mon. since I didn't bail fast enough...If not I gotta dump. I've been burned so many times on market orders I won't make them any more. I really hate to unload...even for a day!!!! One bright point I had some Jan 50 puts in AMZN.... The last two declines were met with immediate rebounds....I saw some bargain buying at 11:30 pst so I wasn't worried...let hope we get the same response Monday morning. I will definitely buy some more calls and puts Monday! One other good point....LOW VOLUME!!!!!!!!! Jeff

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