Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: Steve Sucheck who wrote (2271)	2/20/1997 10:25:00 AM
From: tom dooly	of 3743

Better to wait for the cup to form before buying. You will lose the initial move, but CSCC has enough upside to still give a hansom profit. In this market many of the classic momentum plays are being killed. With the likes of CTN, COMS, etc the shorts are having a good time. My experience says short term the momentum works more dramatically on the downside. I bought my first shares @ $41 expecting to get at least a dead cat bounce after a $23 loss. Best advice ...WAIT... You'll know when it turns. Make sure it is more than a one or two day upsurge or you still may get trapped...unless there is good news, upgrade higher earnings, etc.

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