Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: muleskinner who wrote (24308)	11/21/1997 2:25:00 PM
From: Roger A.	Read Replies (1) \| Respond to of 61433

"But consumers who use Diamond's device will have to pay for an extra line if they don't already have one, and an extra account with an Internet service provider. Diamond's dual-modem works only when connected to ISPs that use switches made by Ascend Communications. About 85 of the largest 100 ISPs use these switches, Reed said." This is from an article on CNNfn. Nice news.... cnn.com

To: muleskinner who wrote (24308)	11/21/1997 2:28:00 PM
From: Peter Yang	Read Replies (1) \| Respond to of 61433

>>they are not buying anymore of asnd, but just reducing their cost basis<< If they're not buying anymore, how can they reduce their cost basis? Or are they selling those shares they bought in 50s to reduce their cost basis for the remaining shares boguth at lower prices?

To: muleskinner who wrote (24308)	11/21/1997 4:18:00 PM
From: Matt Webster	Read Replies (4) \| Respond to of 61433

How can you reduce cost basis without buying more stock?

To: muleskinner who wrote (24308)	11/21/1997 5:28:00 PM
From: Larry Myers	Read Replies (1) \| Respond to of 61433

>>I just spoke with ML and it apppears that they are doubling up. Form what I get out of that, they are not buying anymore of asnd, but just reducing their cost basis. << Could you explain this just a bit. How do you reduce your cost basis without buying more of the stock cause I don't want to buy anymore of it either but would sure as hell like to reduce my cost basis. ljm

To: muleskinner who wrote (24308)	11/21/1997 8:02:00 PM
From: Chi-X	Read Replies (1) \| Respond to of 61433

"I just spoke with ML and it apppears that they are doubling up. Form what I get out of that, they are not buying anymore of asnd, but just reducing their cost basis." I don't think that's possible: (1) reduce cost basis (2) not buy anymore ASND (3) double up. Now you're saying they're selling the shares bought at $50 in order to reduce cost basis? Sorry, but that's not how it works. You can't reduce cost basis by selling the shares without buying more afterward. For example, if you bought 100 shares each at $50, $40, $30, $24 then you're average would be 400 shares valued at $14,400 with an average price of $36. No matter how many shares you sell at whatever price whether it be $25 or $60 (yea rite), your cost average will locked at $36 unless you buy more share. Chow, Chi-X hath Spoken! "There shall be no wine, before it's time."