Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.98

-1.2%

3:07 PM EST

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To: fedhead who wrote (30408)	1/14/1998 5:05:00 PM
From: uu	Read Replies (2) of 61433

Anindo: > What if it had to 28 in an hour ? Well then I would have hold on till it met my near term price, and if it does not then I consider that as another batch of shares to my already existing shares for the so called long term investing and return! (which by the way I have come to truly question this so called long term investing! I think that in the so called long term we all be dead!)! Anyway, but the important thing I have come to learn (and I am very very very amature at this) is to have a discipline of setting a target price (in my case between 5-10% of what I paid for, for the shares I intend to use for just trading) and then sell at that target price. I do not never sell a stock with a loss (regardless of how big of a drop that stock may have.). And since I never buy on margin I am not forced to sell (although the pain of seeing the paper loss is not fun either)! Regards, Addi Jamshidi

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