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Technology Stocks : Cascade Communications (CSCC)
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To: Glenn D. Rudolph who wrote (2353)2/21/1997 9:48:00 PM
From: AL TOTH   of 3743
 
TO ALL-Part 3
IMO We CSCC stockholders have experienced the wrath of momentum
investors just like an IOM or a ZITL. However this wrath has been brought upon a very good company with a great track record.
We cant be naive to the manipulation of stock that goes on every day
in the stock market by the momentum people with the big $$$$.
But reality is it happened and it doesnt make sense that if you own CSCC now you should sell it. The damage is done and the stock is
too cheap.

However,we know what now transpires ,that is more market
manipulation:
Money managers,mutual fund managers,portfolio managers all know that
CSCC is undervalued. Somebody has to be buying all that stock from
the panic sellers. Those with the stock inventory will start making
upgrades and releasing good news. Then it will be stated that nothing is wrong with CSCC afterall and the stock will rise again.However
until the momentum investors return (and they will someday) the stock will not be going back to 60 soon.

Just remember last summer--one week everything was bright and rosey
for the tech stocks then all of a sudden the next week tech stocks
were being dumped. (Sell said Elaine G.).Nothing changed in the tech industry just the markets emotions or manipulations or both.
Then suddenly overnite the tech industry was the industry of the future and tech stocks skyrocketed. But nothing that dramatic really
changed in the tech industry. This trash that the network stocks
are now bad investments is ludicrous. What other industry is going to
provide the growth of network companies. Sure it will not be the same
% but it will still be better than other industries. One week in the
future(hopefully near) everyone will be saying that network stocks is where your $$$$ should be.

IMHO I believe that the big $$$$ knows they cant keep making money
by the market and stock prices to continually rise. Therefore they
manipulate and do what they have to do to lower the price (including
selling before or to cause the price drop). Then they buy back in
and ride the stock price up again. Theres nothing we can do except
ride their coattails up and down. But in CSCC case the first part of
the manipulation is over.
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