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Technology Stocks : Cascade Communications (CSCC)
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To: space cadet who wrote (2824)3/12/1997 11:04:00 PM
From: Amir Shalit   of 3743
 
Mark, anything can happen in the current environment.
So, what's your point? MU could make a new high on
negative earnings while KO could trade at a PE=200
with 8% revenue growth. Yes, CSCC could drop to teens,
but DOW could drop to 3500 and still be overvalued.
CUBE is a small commodity chip maker. Why do you
compare the two? NVLS did a round trip of 90 to 30
and back to 90. This is a sector correction. Very
different from a single stock crash. At the same time
I still look for short candidates. Maybe ASND or FORE
on a nice sucker rally.
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