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

To: Pat Hughes who wrote (48171)6/5/1998 10:40:00 PM
From: Sure Thing  Respond to of 61433
 
"Hey Pete,
Why sell with so much happening with networkers and ASND ..."

Pat,
Let me be so bold as to explain why Pete sold at 47 1/2. He
used his intuition and analysis to pick a price target of 48 back
in January. Good call! However, two weeks ago when ASND was sure
to punch through 48 at the stock holders meeting the NASDAQ dumped
on his plans that day and left him with a no-fill. Then it started
to get ugly and before he new it, ASND was at 41 7/16, damn! Then,
like a monsoon in somolia the networkers surged on a "real" buyout
prophecy. ASND rallies 6 points in 3 days and what the hell, why
should I wait for 48 when I might get burned again, I'll sell on a
Friday, it's close enough to my target and I can relax over the
weekend.

So, Pete did I call it right?
- Sure Thing -



To: Pat Hughes who wrote (48171)6/6/1998 9:33:00 PM
From: username  Respond to of 61433
 
Mainly because I bought at 24 1/2 and it was the best 6 month hold in my portfolio. I needed to free up some cash for another little venture. Don't everybody beat me up, I still love this stock! I made almost 100% in 6 months!


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