Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: Bosco who wrote (3149)	3/29/1997 11:24:00 PM
From: kvogel	of 3743

Many Nasdaq stocks have corrected and formed new bottoms. The sentiment and strength to the downside on Thursday means we still have more to go. Before this correction is over ALL stocks will have gone through a correction. The networking stocks started earlier and are basing out (CSCC leads the pack in basing out) but the strongest stocks like MSFT hold on the longest. MSFT broke down last week but didn't stay down very long . I expect at least one more test of its recent low(down 15% from its high) or maybe a slide to 80 or so before the tech slaugter is completed. It could happen this coming week or in early April.

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