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Technology Stocks : Cascade Communications (CSCC)
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To: Kiriakos Georgiou who wrote (2614)2/28/1997 11:18:00 AM
From: MoonBrother   of 3743
 
Intra-day Update and Comment

CSCC is holding really tough so far today! With every other network stock dropping and tech stocks as a whole being so weak, CSCC is still above the water! More than that, have you noticed that whenever there is a rebound attempt in the market, CSCC has always been in the leader. All these tell me that CSCC is definitely bottomed out, and there is a HUGE potential buying interest waiting on the sideline. These buyers will jump in as soon as the market starts to stabilize.

Now here is the prediction. If, (and only if) the market ever stabilized at the current level (DOW -50, NASDAQ -10) today, we should see CSCC trading back to $32 range. If NASDAQ comes back to -5, we may even see CSCC trading above $33.

Sit tight and "enjoy the ride".
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