Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: MMW who wrote (1946)	1/28/1997 1:15:00 PM
From: Tera Bit	of 3743

Hi...Mike, you are correct in that I underestimated the downside risk in CSCC. I could never have guessed the "irrational in-exuberance" the market would have displayed. However, you will of course recall that I warned some "momentum investors" that had begun posting here prior to earnings that it would be more prudent to wait until after earnings before piling on. $.24 was what I thought they would do. As a result, I think I may have sought opinions as to what would happen if CSCC only beat estimates by $.01. My belief, was that we might see low/mid $50s...oh well...guess I was wrong. For me, the silver lining in all this is that I firmly believe this company is poised to become the dominant player in the WAN industry. The fact that I get to buy it at such a great price is a bonus I am truly thankful for. Good luck, Daniel PS: Re: Insider sales, I believe I posted 11/18 as last day papers were filed at SEC pertaining to sales.

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