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: stuart arthur who wrote (203)	5/31/1997 6:52:00 PM
From: Todd D. Wiener	of 381

Stuart- CCSC's chart looks better now than it has for a long time. Compared with the past year or so, the uptrend is more stable and less jumpy, indicating an increased accumulation of the stock. We might see some resistance around $24. My 4 month price target for CCSC is $26. I think it could reach $28 by year-end. Obviously, it can and has reached those levels quite explosively before. But the problem with those leaps is that there is always heavy selling at the peaks. If CCSC can begin a stable and sustained advance toward $30, with increasing volume, I think it might be able to break out of its 2 year trading range by 1998. Fundamentally, this is an excellent company with great management. I recommend you look at their great website at coherent.com It has a load of information, from products to investor info., corporate history to corporate goals, etc. Todd

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