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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Scottoo who wrote (7108)11/7/1999 5:26:00 PM
From: FNS  Read Replies (1) of 8358
 
Don't know about the B-bands, but technically CS looks mighty strong. I'm anticipating a triple break out at 20 on nice volume... If you recall, CS double topped at 19.5 but broke down in September, breaking a DB at 17.5 and bottoming out at 14.5. Seems like we've had a good shake out and the stock is ready to break into higher ground! Buyout rumor or no, the stock looks like a shot at the upper channel around 26 is a good bet! The sector is still super hot and I expect even COMS to break out at 30... on the other hand, MSFT and Mr. G could could cool the the recent rally and stall things.

FNS
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