CCSC - Coherent Communications Message Board

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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: Michael C Quesnel who wrote (151)	4/15/1997 8:39:00 AM
From: Bradley C. Pearce	of 381

I would like to elaborate on my impression of how the market values CCSC at present. An easy way to follow and assess this is to look at a recent issue of Investor's Business Daily. I am not in any way connected with the publication but I do subscribe and find their data useful. First - take a look at sales and earnings growth momentum indicated by the arrows - either up or down - most companies on the NASDAQ don't look too good, which may spell trouble for the market in general. CCSC's momentum has maintained it's upward trend. This is also reflected in it's Accumulation/Distribution profile. Take a look - many stocks are now less than B or C. This means that while CCSC may go down on low volume it has net buying on higher volume. This trend has been firmly in place for at least 4-5 months. The overall market mood is so bad right now that companies such as CCSC are not showing their true colors. The market has lost leadership and until things start to firm nearly all stocks will look bad to mediocre. IMHO, I think CCSC will hold up during this downturn and will take off when things improve - probably in early summer. BCP

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