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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: PaperChase who wrote (3716)5/28/1998 2:59:00 PM
From: Harold S.  Read Replies (3) of 8358
 
In addition to BAY, we can look at a stock like FORE when it was about 10 last April and has recently been to about 25. The market tends to over react and negativism spreads like a disease with a stock that has been beaten down like CS. I have seen this, in the past, as often the best time jump in a stock like this. You mentioned BAY, which is a good example, but we can also name two other stocks right in the same sector....FORE and ASND. Just look at the negativism on ASND when it was 22 dollars per share!! If you read the thread they were going out of business, doctoring their books, and any other thing you could think of to justify they were going down the tubes. Now look at them today just recently going to about 47. I'll take that 100% return in 3 months any day and I believe the negativity is at its max with CS and it presents the same opportunities as BAY, CS, and ASND.
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