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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (19507)	10/28/1997 6:30:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

Ok lets see you think by holding on to asnd for 6-12 months just to get maybe a point or two of where you bought it ( I'm guessing your price is 40) is a good investment. Take a loss instead of tieing up your money and move on. In other words show some Style and lick your wounds, dust off your ego and move on. What a hippocrite!!!! Why don't you take your own advice? You bought about then? The only difference is style bought more at a lower price? JJ

To: Tim Luke who wrote (19507)	10/28/1997 7:16:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>Ok lets see you think by holding on to asnd for 6-12 months just to get maybe a point or two of where you bought it ( I'm guessing your price is 40) is a good investment<<< Your memory is as poor as your long term vision, Tim. I have repeated at least a half-dozen times that my average price is 33 1/2. >>>Take a loss instead of tieing up your money and move on. In other words show some Style and lick your wounds, dust off your ego and move on.<<< Let me tell you just why a long-term position in ASND will persevere. I have mentioned this on various threads and at AOL before, but in case you forgot... I have had a large position in CSCO (thanks to splits) almost as big as my one in ASND (share-wise), and I have been holding it for a little more than 2 years. Within that period of time, CSCO suffered two significant declines, Jan '96 and Feb '97 (which lasted a few months). My average split-adjusted cost is 32 and I have never sold a share of that original position since...in fact when the networkers were down in a big way last Spring, I bought more CSCO in the high 40s, which I sold later for 50%. Today CSCO is $80, which makes my gain 250% if I sold it (I'm planning on selling somewhere in the 80s since I believe the stock fully valued). That's what a long-term position is all about, and that's the reward from patiently waiting out the bumps along the way. Let me guess...you're gonna tell me: "Well ASND ain't no CSCO!". Yeah? Well that's not what people like you were saying back in 95/96. Back then CSCO was very much like ASND is today. You'd be surprised just how much your outlook on ASND echoes the people who urged me to sell CSCO at 38, then 46, and then 46 again last Spring. Thanks to my long-term perspective in my long-term portfolio, I am looking at awesome gains...and I was still trading the entire time, doing quite well. So who said you have to tie up your money anywhere? Style Pts.