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Technology Stocks : Cascade Communications (CSCC)
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To: Lee Ring who wrote (2702)3/6/1997 9:18:00 AM
From: kvogel   of 3743
 
There are still some sellers in CSCC but bottom should be coming today or tomorrow. Stock has been down on good volume last 2 days with fairly large downside blocks. Market makers aren't going to let sellers get a good price but stock didn't tank yesterday. New base seems to be forming, hopefully above 24 1/2 hit last week. Ascend hit
a low of 50 3/4 on Monday before closing up 2 3/8. Downside openings sometimes lead to a washout which propels the stock higher.
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