Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Alfonse Rossi who wrote (5294)	11/19/1998 7:11:00 PM
From: FNS	Read Replies (1) of 8358

Alfonse, re: <<...someone is placing some heavy wood on this stock.>> I haven't been doing my homework on this stock like I should...haven't tracked cash flow and block trades, but I do know that CS been been touted as an undervalue. Momentum in the sector may be contributing and that's OK...regardless, there seems to be minimal downside risk in here. Stock is acting real well...11 1/2 area has held and stock has since moved up. <<I still see 16 by months end,...>> Next month is ok by me...I will suggest, however, that the stock needs to take out the 12-16 supply area...and when the stock closes 16 1/2+, THE STOCK WILL JUMP TO 23 closing the gap and then 26-28 by mid 1999, assuming management doesn't screw up! Want to change your guesstimate to 16+ ??? FNS

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