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

To: Jeffery E. Forrest who wrote (42540)	4/7/1998 12:30:00 PM
From: Satyr	Respond to of 61433

Averaging down works if you have specific targets in mind. Say you bought yesterday at 39 and the stock tanked like it did. To add more at this level looking for support at the 20day MA would be a good move. The trick is to admit your wrong if it goes through that support and take your loss. Just averaging down and holding is a bad trading strategy.

To: Jeffery E. Forrest who wrote (42540)	4/7/1998 12:52:00 PM
From: gbh	Respond to of 61433

Averaging down can be a real losers game. Only to be done in the most bullish of situations. Time to double up IF you were to do so is when you see panic selling for no good reason. Seems to me, if someone is confident about ASND's quarter earnings, and future prospects, then averaging down is a good call. Bullish situations never seems so bullish when a stock is down, only after the fact. And who can distinguish panic selling, from sector rotation, from profit taking. All that said, I have to say your ouije (suppose to be weejy) board looks pretty accurate concerning the 35 prediction. I'll be the first with congrats if we get there, although I won't enjoy the ride.