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

To: Harry Ehrlich who wrote (23650)	11/16/1997 11:35:00 AM
From: Glenn D. Rudolph	Respond to of 61433

Harry, Thank you for the advice. It is appreciated. Glenn

To: Harry Ehrlich who wrote (23650)	11/16/1997 11:36:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

I am trying to discipline myself in my trading. That is the hardest part and that is the key. I'm full of advice and trying my hardest to follow it as well. Harry, Excellent post! And a good formula for success in life in general. So, you may have heard the tree falling in the forrest after all? Jeff

To: Harry Ehrlich who wrote (23650)	11/16/1997 12:21:00 PM
From: pass pass	Read Replies (1) \| Respond to of 61433

What do you do when the stock that you just sold to limit loss (to 7-10%) came roaring back and went even higher? How can you be sure the other stock you bought using the remaining capital will outperform? Many tech issues' daily ranges are up and down 10%. Those advisors also want us to be patient and not time the market, but on the other hand, they say sell when the loss is 10%,15%,20% or whatever. It seems to be contradictory . My lesson is: Don't use too much margin and always have 12 months cash reserve no matter how badly you want to average down.

To: Harry Ehrlich who wrote (23650)	11/16/1997 1:53:00 PM
From: HEXonX	Read Replies (2) \| Respond to of 61433

Harry wrote: *money management*. Limit your losses, you must protect your account. Excellent post. Since I am quite a newbie in trading, I would say that this advice would have helped with my control of loss or better lack of control. All I can say is the reason I got into Ascend is that I feel this company will suceed just by what I have heard on SI amd via the network grapevine. AT@T should be buying millions of dollars worth of equipment soon. Just a rumour so don't ask me how I know if it is good information or not? Who knows... <G> All and all. The people on SI are a great bunch of people, at least on the Ascend and Fore threads which I have been reading. Getting used to all of this is just part of the fun. -HEXonX