Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg h2o who wrote (36233)	2/24/1998 1:07:00 PM
From: Sowbug	Read Replies (1) of 61433

*****OT***** No, I haven't read Livingston's book. Again, I strongly recommend it. It's written by Lefevre, not Livingston, and it's a beige softcover. Before I had read it, I probably would have thought Tim was a knucklehead, and I would have agreed with you that momentum trading appears to be no more reliable than playing craps. No momentum trader owning ASND today would still own it if it dropped to $32, so your scenario about it dropping to $15 is irrelevant for them. I agree that same scenario would present a great opportunity for longer-term investors who have investigated the company and believe it's undervalued. That's exactly my point -- in that situation the two investment styles would lead to different but *EQUALLY VALID* conclusions. How on God's green earth can anyone buy a stock they know nothing about??? Easy. If a stock is at $50, you see huge volume driving it to $52, you buy at $52 1/8 and then sell half an hour later at $54, then who cares what the company does? The only thing that matters is that $52 1/8 is about to turn into $54.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next