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Technology Stocks : Cascade Communications (CSCC)

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To: Elmer who wrote (2340)2/21/1997 9:01:00 PM
From: Potato Farmer   of 3743
 
Responding to Message from David Witwer on Feb 21 1997 4:46PM EST

"...I love all the negative chatter here. It can't be too far from the bottom." Good observation.

Two weeks or so ago in Barron's, several of the gurus were dumping on Japan. The Nikkei was close to 15,000. One of the bunch made the comment, "You guys have just made the contrarian's case for investing in Japan. What more could you say bad about it?" Very quietly the Nikkei has rebounded to 19,000. (2.5 years ago Iomega hit $3 and no one wanted any at any price).

So -- What more could be said (bad) about Cascade? The CFO could quit and join a competitor, or the CEO could be put under indictment, maybe. Unless some gun of that caliber is fired, it will bottom pretty soon. (And if something that bad does happen, I'm gonna take my loss and run.) Till then, I'm risking being long & wrong.

P.F.
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