Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: golfer18 who wrote (3060)	3/22/1997 12:22:00 AM
From: kvogel	of 3743

More good info. Thanks for posting as all of us who are long CSCC need all the positive reinforcement we can get to maintain our own beliefs. The charts on CSCC going back to when it made its first major move in Oct. 95 from 16 to 32 showed a pullback to a low of 20 and most consolidation done at 23-27 level. On a panic day CSCC could get down to 20-23 but I believe the people on this thread who are looking for less than 20 may be looking for longer than I can see. The base that is forming now is on very good volume, the group of networking stocks are pretty well washed out, and 3COM's earnings showed the industry is not dying. Large gains(at least to 40-45) appear probable in the 3-6 month future in my XTAL ball. If earnings disappoint I believe its because some orders they were expecting in this quarter will be in the next quarter and they'll beat estimates for the second quarter. The conference call should be positive because growth is still great (China, Chile, and foreign markets expanding).

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