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


To: Pat Hughes who wrote (51144)8/1/1998 9:12:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Pat,

Thanks for your post! I'm not sure I'd listen to any of my (Korn's) insights here, as I'm the fool who got spooked out of ASND when it took that sudden dive in March. After my 30-day wash period ran, I sold ASND puts on a monthly basis, but the profit from those bull trades pales in comparison to what the long-term holders have made.

That said, any stock whose fundamentals remain intact is a prospective buy after a 13% 1-day drop. It was on that basis that I day-traded ASND on Friday 5 times, although I left the position flat at the end of the day until the SRA news developed. I might be inclined to start accumulating some long-term on Monday.

Gary Korn

P.S. I day-traded out of ADPT on Friday.
P.P.S. I want a mug with my name on it at the bar! (Demanding SOB, aren't I?)