SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cascade Communications (CSCC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AL TOTH who wrote (2609)2/28/1997 5:28:00 PM
From: Glenn D. Rudolph   of 3743
 
". Before I left I still
did not understand wall streets reaction. From all Ive read,here is my
analysis::
1.Once again the big $$$$$ makes its dramatic moves as momentum players
exited the tech stocks.
2.It is pretty much agreed by most of the analysts that this is
a good long term deal.
3.The volitility all revolves around the short term opinions of this
deal: USRX priced too low, bad timing for the merger, and a host of
other reasons.
Once the smoke clears,I would hope that Wall Street remembers that it
bases its stock prices on future performances and therefore because this
is a good long term deal for COMS/USRX, it prices both stocks
accordingly."

Al,

I agree with the momentum players leaving the networking stocks more than specifically techs in general. The slight bounce in INTC is indicative that it is not all techs. However, the bounce of INTC is after a large sell-off too. I am resigned to holding positions reasonably long term and feel confident that the earnings growth will get the street bidding the networking stocks back to their "fair" value. XYLN has been dropping with no change in news whatsoever. That appears to be plain momentum.

I hope the market is better to us on Monday. At least the CAVS won:)

Glenn
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News