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


To: username who wrote (30624)1/15/1998 6:07:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 61433
 
I'm not trying to throw rocks, but I do try to be as blunt as possible so people don't make the mistakes that I did in the early days when I started investing. That mistakes I made was I got to partial to a stock and would hold on no matter what and believe me when I tell you this I lost my ass big time before I learned my lesson.

I'm talking a few hundred thousand dollars of being reckless and making stocks like family members.Its all numbers to me now and I learned my lesson even though it was a costly one.

You must know when to take your profits and your losses to be sucessful in this market or one day you could wake up with half your fortune gone. As you know asnd could go up 10 points tomorrow and down 15 the next day. If you read these boards it sounds like everyone is making money and no losses but I have no problem pointing out my losses. You learn more by your losses then your wins and believe me Mr Roker it might be tomorrow or it might be June but this market is going to fall very hard.

Best of Luck!