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Technology Stocks : Cascade Communications (CSCC)
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To: Joan Osland Graffius who wrote (2368)2/22/1997 12:14:00 PM
From: Glenn D. Rudolph   of 3743
 
"Glenn, >>Would you mind getting a second opinion from your broker on
Monday? This makes no sense. I would think the opinion of the brokerage
house should be the same for all geographical areas. I am very confused.
I am also confused and will find out why he told me to look at CSCC. I
will get back to you after my conversation with him."

Joan,

I will be patiently awaiting what you hear from your broker. I sure felt a great deal better after reading Al Toth's three part post. It does not seem logical that a company would loose a technology edge in just two months. The momentum explanation makes a lot more sense to me. I went through a similar experience with FORE last June. I learned from that to lighten positions in any specific company. However, I did not learn to lighten in a specific industry group. Therefore, I have decided to not write puts for more shares than I have the assets to buy. I will move into that stratagey as soon as I recover from the present situation. I thank you and the emotional support provided. I would have thanked Al last night but found a new subsciber can only post five messages per day for the first fifty posts. As you can see, I put a lot of non related material into this post since I have only four left today:)

Thank you again.

Glenn
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