Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Tim Luke who wrote (36198)	2/24/1998 10:53:00 AM
From: Greg h2o	Read Replies (2) of 61433

Tim, you see...that's the difference between you and me (investment style wise). I originally bought ASND at 32. I felt it had good fundamental value at that price. It promptly dropped to 23. Instead of bailing, I bought more. I liked it at 32....but, I loved it at 23. I don't bail just because of a decline in the price. There's much more to buying or selling stocks than price movement. If you rely on price movement alone to dictate when to buy and sell, you're relying on the public to do your thinking for you. Somehow, without sounding too high-brow, I'd like to believe I'm a little better than the average bear (sorry, I have a 2 1/2 year old...so I'm quoting Yogi instead of Plato). I do agree that greed moves the market. Don't forget, the same thing works with fear, as well. regards, greg

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