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

To: gbh who wrote (46690)	5/12/1998 11:15:00 AM
From: Darren	Respond to of 61433

So if your not a long term short, and have no interest in going long, why all the original gloom and doom postings about ASND? Just ahead of the curve, I guess. I pay attention to any stock that moves from 25-47 in 90 days...as a good example of a big miss, I was all over JBIL (now JBL) at 30. It hit 45 today. Those kinds of gains drive day-traders nuts when they miss them. I think you guys are over-reacting to my pessimism -- my views about the movement of the stock are as a day-trader, not an investor. So I'm not stupid enough to think this stock is going down forever. Just taking a nice 5-6 point breather. And for that matter, why day-trade ASND? It hasn't exactly been the most volatile stock lately? Give me a little day-trading education on this. ASND has an average daily volume of 7,109 (m) shares. That makes it the 8th most active stock on a daily basis that I trade. It is a good day-trade about as often as AMAT. AMAT is a little better because it follows Futures better, but ASND has had wide daily spreads lately, and as you know that means if you can make estimations about tops and bottoms, you can make money as a day-trader. In general, if it's moving, it's being day-traded. If you want to see if a stock is being day-traded, look in Level II quotes for ISLD, INCA, TNTO, BTRD. SOES bandits at work.