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Technology Stocks : Cascade Communications (CSCC)
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To: JC. S who wrote (2822)3/12/1997 5:19:00 PM
From: space cadet   of 3743
 
Hello everyone. It's been quite a while since I've posted on this thread. Back in Jan before the collapse I thought CSCC was worth 55 but had a good chance of going to the hi 30's first. At that time a couple of people criticized me for being too pessimistic but it looks like I was much too optimistic. After a fall like Cascade has just had, it will take years to recover. If you want to see what I mean, then look at CUBE. It too had an amazing fall and look where it is today. CUBE may never get back to its old hi and unfortunately the same may be true for CSCC. Also, I think the recent strength in CSCC is mainly due to the fact that it is perceived as being an excellent takeover target, as the price is right and the company has leading edge technology (supposedly). I think LU or IBM should probably grab it, but who knows. However, if the buyout rumors fade away, then watch out, this baby could collapse one more time. Check out SHVA to see what I mean. How low could it go? I don't know, it totally depends on earnings, but the teens is not out of the question. So personally I think I would take my money and run if CSCC gets back to the low 30's anytime soon. I don't see it able to surmount 35 for a long time. JMO, and good luck everyone. I don't have a position but I'm watching it occasionally.
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