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Technology Stocks : Cascade Communications (CSCC)
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To: Oakville who wrote (1840)1/26/1997 9:39:00 AM
From: Warren Gates   of 3743
 
I was actually thinking of the same thing ... but if I remember correctly, Cisco had a couple of painful quarters before bottoming out in the 20's ... now it's in the 130's (pre split). However, momentum stocks like CSCC tend to set outrageous, screaming bargain bottoms, and it's not yet there ... so there's a good chance of a decline to the low 30's even if it rallies a bit on Monday ... check out the USRX chart ... it was a terrific bargain in the 50's, only to go as low as 44 twice before inching up.
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