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Technology Stocks : Cascade Communications (CSCC)

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To: emichael who wrote (2172)2/14/1997 6:33:00 PM
From: taxikid   of 3743
 
I started watching this when i heard the drop to 40 on cnbc's
before the bell.It is a little too early for the little guy to come out and pay 37 a share or even 32 for that matter.
If anyone has seen recent huge losers ex gaeo yest. That became a
small cap w/ divesifies other interests. I tried to get in today at
6 1/2 could not and watched it go to 8.
While looking at past performance of horrible news. {even tho CSCC
was bludgeoned by MM/Fund guys} Guys like me or even more lo-tech
than I will treat this co. like a pinto after the news of the tank exploding.
Time and or much lower pe will heal this puppy.Guys that lost $30+
a shr and found out two days later will not reinvest in this co.
I feel lucky I didn't buy at 40. i will buy at 26 though
Not meaning to offend,i offer very little facts. Just a little gen public opinion which we forget when we hold positions that get beat up.
Best of luck and regards,
taxi
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