Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: (no name provided) who wrote (2928)	3/17/1997 6:52:00 PM
From: Robert Schling	of 3743

Here is what I am thinking of doing to build my networking portfolio: If the NASDAQ keeps on tanking, I will, in sequence: 1. Use up all my cash (I'm almost there). 2. Start rotating small fractions of my portfolio into LEAPS (this is in response to your "out of cash" problem). On 2. I select buy points in regions of clear and unmistakeable undervaluation, based on fundamentals, looking at PEG and other ratios. For example, I'm in CSCO at 64 and 48, but will only consider LEAPS below 40. Once a stock is close to fair value I like to think in 25% downward increments. Doubling down after a 10% drop in a volatile tech stock will quickly get you into trouble. I avoid margin at all cost. Curious if I'll have the guts to execute 2 if the networkers drop another 25%... Just my .02 worth on how to catch a falling knife before it suddenly reverses directions.... Would be interested in hearing about other approaches. Robert

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