Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.48

+0.1%

11:50 AM EST

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To: Knighty Tin who wrote (48661)	6/14/1998 12:56:00 AM
From: Darren	Read Replies (1) of 61433

I just think he should take some crap about being negative at $23 and a nutburger bull at $49. And, yes, I do believe you are late to the party if you don't buy when the risk is lowest. Frankly, that's a somewhat lame generalization. Good TA will signal a trend and actual market reaction will reinforce it. It's only then that the patient investor makes the play. Being "early" is just that, early. It's also when the risk is highest, if you've ever felt the power of a breakout down or up depending if you are long or short. Take ASND for example. If you can pick $23 before $23 hits, more power to you. I prefer to see support at $24 1/2 and I'll give up the stick and one-half for the piece of mind that I've got a two bagger coming... Trendsetters are pioneers and there are plenty of pioneers laying all over the road with arrows in their back and their wallets picked clean. If you want to be a trendsetter, try selling at the "high" while you are holding a two bagger...that seems to be the common question around here.

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