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


To: pae who wrote (23444)11/14/1997 10:39:00 AM
From: Harry Ehrlich  Read Replies (1) | Respond to of 61433
 
when I bought what I thought was an upside breakout at 55 but instead turned out to be a local top I would have appreciated some bearish sentiment.

Excellent point. I have been short ASND lately, but by no means am I a bear. I am on the sidelines and looking for an entry point to buy. I have made many negative comments on ASND lately, not because I am a bear, but because ASND is in trouble.

In much of my reading, it has been pointed out that longs in a declining position will tend to hug positive comments/posts/articles and reject negatives. This is human nature. We wish to justify our position. But in a trader/investor, this can be fatal. We should weigh both sides of an issue.

Just trying to stay on the right side of the trade. Good luck to all.

Harry



To: pae who wrote (23444)11/14/1997 10:46:00 AM
From: Captain James T. Kirk  Read Replies (2) | Respond to of 61433
 
Volume too light, look for the surge, I see 24 3/4 close.



To: pae who wrote (23444)11/15/1997 12:36:00 AM
From: pass pass  Respond to of 61433
 
Excellent point! ASND and CSCC are the 2 scariest stocks for longs and shorts, now you have 2 in 1. Who knows, may be ASND will see 80 again next year. BTW, it's Geraldo.