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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Rajiv who wrote (2449)12/3/1997 7:55:00 AM
From: Wallace Rivers  Read Replies (1) of 8358
 
Lurker looking for a CS entry point. All I can say is...incredible!!!
My .02 is that we may see some further mild pressure through Christmas.
Why?
Continued tax loss selling - this stock can lop off a great deal of cap gains on investors' books.
Probability of class action lawsuits, which I think are ludicrous as they divert mgmts. attention further and provide damaged shareholders very, very little.
COMS warning.
One other cautionary note should be that year over year analysts estimates now project declining earnings.
OFF TOPIC, but interesting...latest Forbes cover article is about the world of analysts and how and why they miss earnings estimates. Good reading.
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