Ascend Communications (ASND) Message Board

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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: Ashley Campbell who wrote (45171)	4/22/1998 10:47:00 PM
From: Todd DeMelle	Read Replies (2) of 61433

OT I have a confession to make too... I'm hoping airing it out will make me feel better like Gary H. I tried my first daytrade today. I bought THQI at 33 5/16... hoping to catch a few points of its meteoric rise... just before it plumetted to 26. sigh. I thought when you beat earnings estimates by huge margins, you're supposed to go straight up. Of course I should know better. To make an unenjoyable experience even less enjoyable (cringe), as the perspicacious among you may know, the trade was on margin. Of course, I should know better. I have decided to be a bit more conservative before... well, before something REALLY bad happens. I placed market orders this evening which will sell a portion of my portfolio sufficient to cover my margin debt (including 40% of my ASND position which, on a bright note, I refrained from selling at 36). I think I'll feel better if THQ bounces tomorrow. I'm holding onto all of my new shares. Todd

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