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


To: Tim Luke who wrote (24737)11/26/1997 8:51:00 AM
From: Gary Korn  Respond to of 61433
 
Pre-market trades so far, ASND/COMS, 11/26/97:

ASND - Transaction Log 8:47:47 S 1500 24.4 T 8:47:34 S 500 24.4 T 8:38:24 S 24:5 - 24:5 2x10 8:31:25 S 24:3 - 24:5 10x10 8:15:38 S 24:3 - 24.2 10x10 ** end of data ** COMS - Transaction Log 8:48:26 S 35 - 34.7 10x10 8:48:15 S 35:1 - 34.7 10x10 8:23:56 S 1000 35.2 T 8:15:26 S 34:T - 34.7 10x10 8:02:52 S 1000 34'27 T 8:02:47 S 2000 34'27 T 8:02:34 S 4000 34'27 T ** end of data **



To: Tim Luke who wrote (24737)11/26/1997 8:57:00 AM
From: Pullin-GS  Read Replies (3) | Respond to of 61433
 
Remember TIM that most investors can't daytrade, because they have real jobs. To try and daytrade holding down a job is just asking to loose your ass.

Paul



To: Tim Luke who wrote (24737)11/26/1997 11:02:00 AM
From: Roger A.  Read Replies (1) | Respond to of 61433
 
"If you guys just day traded stocks it would'nt matter to you if the dow was up 200
or down 200. The key is to close out all your positions by the end of the day
because you never know what could happen overnight.

I sleep much better now!"

I find this interesting and even enticing. I'm just wondering what kind of tax-related nightmares do you deal with? What are the significant advantages over disadvantages to daytrading?