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Technology Stocks : Cascade Communications (CSCC)

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To: James Pawlak who wrote (2346)2/21/1997 6:11:00 PM
From: SJS   of 3743
 
NO, I did not buy at 90, nor anywhere near. I don't own the stock and havent for a while. I do trade options on the stock, and have been on the put side (or selling calls) since october, for a couple of successful trades. I was long for most of the rest of 1996, and did fine on the way up to 90.

I agree that it's way oversold here. It might go a little lower, but I don't think it will break 20 on the downside. I think I would be a buyer at 25, if it got there again, for some short term trading (not investing). Technically, its due a bounce.

Good luck,
Steve
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