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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 9:30 AM EST
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To: Chuzzlewit who wrote (56917)11/9/1998 2:15:00 PM
From: michael modeme  Read Replies (2) of 61433
 
Chuzzle, One of my assumptions was that one would have a hold, and don't sell strategy. Just as in any analysis, if you drop a necessary assmuption, then the conclusions will change. As a side-point, if we are to assume that stock prices have the Markovian property, then you are wrong, and a buy and hold strategy gives a higher return when compared to a trading strategy for stocks drawn from a common probability distribution. Cheers
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