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: Bat5454 who wrote (42023)	4/2/1998 11:30:00 PM
From: Robohogs	Read Replies (1) \| Respond to of 61433

Guys - I also empathize, having an average cost of $48 on my first batch of shares. I am lucky I tried to catch the "falling knife" at $23 so that when we rallied back above $35, I got close to even. I did make the mistake of selling some of $48 stock at $25 on December 31 for a tax loss, thinking that 40% of the $20 loss ($8) was more than ASND was likely to move in the short term. How wrong could I have been? By the time the wash sale cleared, I had to buy back in at $33 on the way back down during that scary week. Oh well. Good luck to us all and keep up the good posting everyone.