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Technology Stocks : Cascade Communications (CSCC)
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To: Amir Shalit who wrote (2825)3/13/1997 1:07:00 AM
From: Risberg   of 3743
 
I have to agree with the post that broken stocks rarely recover. It doesn't matter whether CUBE is in an analogous industry. The point is confidence, or rather the lack of investor confidence. Show me a stock that has fallen this dramatically, and then quickly recovered. It generally takes years, whether the company has great earnings or not. Once that mystique is gone, it is just another company to the market. It is the momentum players who drive them up, and they rarely return. Long-term holders tend to think that if the company can just make the predicted earnings, then the stock will return to lofty heights, but it rarely works that way. If you have examples of stocks that have taken this brutal a fall and then recovered quickly, I would love to look at the chart. If you look at the chart of Novellus, it took a year to fall

(http://www.etrade.com/cgi-bin/scripts/pc_profile?symbol=nvls)

whereas CSCC took 6 weeks

(http://www.etrade.com/cgi-bin/scripts/pc_profile?symbol=cscc)
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