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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Jan Crawley who wrote (41175)3/26/1998 12:50:00 PM
From: Inga  Read Replies (2) of 61433
 
Hi Jan! How have you been doing? I thought I was one of the "longer-term" shareholders of Ascend since April 97. Sometimes I wished I did the fundamental research and found Asnd around Nov 97 or so. It would be great then. Talking about desperation in Oct-Nov 97, I was worried that the company might go belly up despite its size (rumours of bad hardware and K56 problems were very severe). My dear wife contributed 100 shares for each 2500 shares we bought. When I told her that I was seriously considering exiting all Asnd positions in November and bit the loss, she said that the stock price would go up the next hour if we ever exit. She said I had more faith in the company's future while she had more patience for the company's recovery. I am glad I listened to this great lady. Otherwise, the frustration might get out of hand and one would give up (like our Gary K., I do hope that this is not his real reason for exiting). By the way, Asnd seems to hold above 35 3/4 well during today's pullback. I established a very large biased straddle at 35 so I am not losing money if the price drops. However, Asnd needs to be at 40+ before we can completely recovered and in the black for a change. Good luck.
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