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Technology Stocks : Cascade Communications (CSCC)
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To: Risberg who wrote (2826)3/13/1997 8:39:00 AM
From: Scott   of 3743
 
Semi's then Networkers..high growth industrys's that got ahead of themselves..Look at the Technology Sector in July..Companies get ahead of themselves this gives us the opportunity to make superior returns...The market is not efficient...These inefficiances CSCC going from 91 to 24.5 or CSCO going form 20 to 10 in '94 are what allows you to beat the index's.. as far as CSCC getting back to it's high's...I could care less...if it takes a year for it to get to 50 I have a 100% return...I wouldn't have owned it at 90...but here it looks like it has value...Eveyone is spoiled ...people consider patience a couple weeks or months...Earnings drive stocks..the industry is still strong..Someone mentioned MU..if you bought that at in the twentys and it went to 18 it's still at 41 now..nice return..Buy when everyone can't stand the pain...short when values are beyond reason..You have the TOP anaysts on the street with BUYS on the stock..They may be to close to management and have their valuations a little out of whack..but I'm sure there on top of the fundamentals...JP Morgan..H & Q and Morgan Stanley all have price tragets over 80...if thier wrong by 50% we have a $40 stock thants a 42% return..I'll take it..The July Calls are $2 sell calls it will lower your cost basis and if it hit's 40 you give up the stock...NOT BAD IN MY BOOK..
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