Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: SJS who wrote (2344)	2/21/1997 5:39:00 PM
From: James Pawlak	of 3743

Of course the stock was way overvalued at 90! I was refering to the recent price action of CSCC, yesterday(2-20-97) and today. The drop from 28+ to 25-26 area is a indeed a little downdraft for this stock. I started buying in the 30-31 range and value investors like myself have been buying this puppy today in the mid-20's. The company is still a leader in ATM switching technology and will continue to experience rapid growth in both the domestic and international markets. The only thing that has changed in recent weeks is that it now has gone from being insanely overvalued at 90 (where it sounds like you bought in) to being "almost" extremely undervalued as is BTW the rest of the networking group. Happy Investing, Jim (me no trader)

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