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Technology Stocks : CCSC - Coherent Communications
CCSC 5.170+0.4%Apr 20 5:00 PM EST

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To: R Cesar who wrote (128)3/27/1997 10:02:00 AM
From: Todd D. Wiener   of 381
 
This morning, I increased my stake in CCSC by more than 40%. This stock has completely reversed. The time to buy is now, IMO. I believe that the whole tech sector (at least those that were brutally sold off) is in a true rebound. If fact, the correction we just had (at least in Nasdaq) is just that. It's no beginning of a bear market. It's possible that recent events may draw some $$ over to the small caps. Let's hope so.

I'm recommending buying now, based on the tech sector rebounding, technical analysis of CCSC's chart, and especially in light of the press release and upgrade. It's likely that earnings will be good. The selloff was not company specific. In fact the volume has been low, and the decline slow, possibly indicating that it was pulled down with the rest of the small techs.

TDW
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