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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: john p. carney who wrote (4674)8/4/1998 10:11:00 PM
From: Pruguy  Read Replies (1) of 8358
 
anyone have any thoughts about todays trading in CS. I don't want to read to much into anything since it was such a god awful day, but frankly, I was impressed with the fact CS didn't completely fall out of bed today.....volume was decent and someone stepped up to the plate today and took in a lot of the panic sellers stock....gotta like the way the box makers and chip companies held in there also.....I know i'm looking for a bright side, but it looks to me like there is some rotation out of the high pe software companies and into the more cyclical techs....could be a sign the bottom to the cycle is closer than many are predicting................presently long and trying to stay that way.
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