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


To: Jason W. who wrote (20193)10/31/1997 1:16:00 PM
From: sunfish  Read Replies (2) | Respond to of 61433
 
Jason-

When long term investors like YOU.... use sound reasoning and evidence... to bail out of an already wildly depressed stock, we are probably near the bottom.

I am sorry that you sold your position here (try to stop picking those bottoms to sell!), but you have provided us with a positive sign that buy-back time is near. For my part, my last partial sale of my ASND holdings was above 60. No way would I sell in the 20's even though I would still have a small profit in the ASND that I still hold, instead I am taking the proceeds from my sales at much higher prices and reinvesting in ASND.

One question for you to consider: why didn't all the negative evidence you cite convince you to sell twenty or thirty points higher?