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

To: David Nelson who wrote (26330)	12/5/1997 4:27:00 PM
From: sunfish	Read Replies (1) \| Respond to of 61433

I would never hold ASND, but I trade it regularly. In the last year or so almost all holders have lost. Dave- a) I'm quite sure that the majority of traders have lost money on ASND this year as well. By necessity they have because trading is a guessing game with the house (commissions) keeping the bank. Name me a multimillionaire trader who made their money trading, not giving advice to traders. As you must know there is no scarcity of long term investors who have made not millions, but billions in the market taking what you described as the "fool's" approach. b) with a multi-year horizon, a stock like ASND is almost a sure thing in the mid-20's, unlike any short term trade you can name. c) good luck with your trading, I love the volatility which allows long term fools the chance to add to their positions at depressed prices and sell at inflated prices