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Technology Stocks : Cadence Design Systems

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To: Cary Salsberg who wrote (487)	8/15/1999 9:29:00 PM
From: Ian@SI	of 668

Let me quote Dr Martin Luther King in his famous "I have a dream" speech. "How long? Not long." Ian. <LOL> I really have no idea whatsoever. The street will get the news of improving revenues long before that info is in the public domain. If I want to be sure to buy low, last week was probably the best time. For US based residents, the long term capital gains rate would probably dictate buying sooner rather than later. Looking at the chart, this looks like the most substantial downturn since 1993. From the trough, it slowly recovered to its prior high during the following 18 months. ... and continued climbing for another 18 months after that! So just looking at the chart, and without any Fundamental Analysis whatsoever, I'd guess that it will top $30/share somewhere between the end of 2000 and the middle of 2001. Again please don't take this as a typical analysis of a company that I would normally do. My purchase decision was quite simple. CDN is the leader in the EDA sector. It got leapfrogged. WS trashed it. Its turn will come again. I'll await patiently until that happens. Worst case, I'll have a capital loss when I need it (WFR left that category last week. Took me totally by surprise.) quote.yahoo.com

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