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


To: Jurgen who wrote (25444)12/3/1997 10:24:00 PM
From: Tim Luke  Read Replies (3) | Respond to of 61433
 
speedman,
I average 15 trades a week and I take my losses along with my wins. It will take me about 10-14 trading maybe less to regain what I loss on asnd, my main reason for selling is i fell its going to drop even more from here. Now for me to have this money tied up when I can add to the rest of my trading funds does'nt make sense to me anymore. ASND will be sitting in the range of 20-26 for the next 3 months. DEAD MONEY!!!!

Now I don't know ifyou day trade but I'm sure you can see my point, like Jeff said you can't even day trade tgis sock anymore. I have done over 100 trades on asnd this year but as soon as it fell below 30 the range has dried up.