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: Tim Luke who wrote (25323)	12/3/1997 10:58:00 AM
From: gerard mangiardi	Read Replies (1) \| Respond to of 61433

Tim from all I've read of your posts I think your sale may be indicative of the kind of final capitulation we see at bottoms. I feel for your loss-mine is unrealized at this point. Anyway I hope we don't see the teens. Good luck.

To: Tim Luke who wrote (25323)	12/3/1997 10:18:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>I guess I will go back to day trading asnd even it may not be worth it<<< Tim, I'm beginning to get serious whiplash from all these changing of opinions and flip-flopping projections. This following quote is from your 10/6 post: Message 2370331 >>>I have 300 shares and thats it so I really don't give a sht if I lose money on this stock. I do like to follow it for some sick reason but I will NEVER do another asnd trade.<<< There is that "never" word again. You declared you would "NEVER do another ASND trade", and you even emphasized "never" with caps! I see you changed your mind yet again...I don't understand your usage of the terms: never and ever, both implying forever -- aka eternity. Being the good Samaritan, I offer you the following definitions from the American Heritage Dictionary: Never (nev'er) adj. 1. Not ever; on no occassion; (to indicate forever; see: time) 2. Not at all; in no way. Forever (for-ev'er) adj. 1. For everlasting time; eternally. 2. At all times; incessantly. See: eternity Now here is a quote from the following post: Message 2859686 >>>Like I said sometimes I get stuck holding a stock that is all part of day trading.<<< I have noticed your apparent mis-use of the term day trader and day trading. Since I am a fast typer, I have taken the liberty to include this excerpt from Jake Bernstein's "The Compleat Day Trader", p.13-14: "In order to avoid confusion or misunderstandings, I'll first define for you the terms 'day trading' and 'day trader'. Although you may think that this is an unnecessary waste of time and space, I cannot tell you how surprised I am at the all-too-common lack of knowledge which most individuals have about day trading, what it is and what it is designed to achieve. "A day trade is a trade which is entered and exited on the same day. It does NOT mean that the trade will be held overnight, that it will be kept overnight if profitable, that it will always be entered on the opening and exited on the close, or that it will not entail risk. Day trades are always over by the end of the trading day. By definition, they are no longer day trades if carried through to the next trading session. True daytraders* will not hold positions to the next trading session regardless of how they have fared the day. Succinctly this means that a loss is a loss and a profit is a profit and that all scores are settled by the end of the trading session -- win, lose, or draw. Day trades may be entered at any time during the day, but they must be closed out by the end of the day. "A day trader is one who day trades. As soon as a day trader holds a position overnight, he or she cannot refer to the trade as a day trade or to him or herself as a day trader. A position trader, however, holds trades for an extended period. The position trader in futures is like the investor in stocks, albeit with a shorter time perspective, which is not necessarily limited by the life of the futures contract. "There is no crime in being a position trader, and certainly no crime or embarrassment in being a day trader. However, you must be careful what you tell yourself, or you may begin to believe it. A day trader is an individual who is committed to a certain specific course of action. To sway from this course of action is to subvert the program. To stray from the program is to abandon its principles and to aquire a new set of expectations which may not be consistent with the original objective. I urge you, therefore, to be committed to your course of action once you have determined it. "If you wish to be a position trader, then do yourself a service and do not refer to yourself as a day trader, lest you confuse your objectives. Simply stated, what's right for the position trader is not necessarily right for the day trader and vice versa. Position traders may be willing, for example, to carry a losing position for quite some time in the expectation that it will eventually become profitable. To the day trader, this is a violation of the cardinal rule." -- end of excerpt -- I was amused by the excerpt, since it almost sounded like he was addressing you, personally! ;o) Lastly, there is the saying: "Position trades are day trades ending the day at a loss." Style Pts.