Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: Tom Smith who wrote (2834)	3/13/1997 9:35:00 AM
From: kvogel	of 3743

CSCO was a momentum stock and had the same situation in '94. It went from 36 to low 20's in one day(traded over 40 million shares in 1 day), formed a base at 18 and was back to 30's within several months. More recently DIGI had the same experience. It took about 3 months to fully recover from the large gap openings down but it doubled from a low of 12 5/8 on 10-29-96 to 25 1/8 on 1-28-97. It has retreated since but these recoveries don't take more than about 3 months unless there is something fundamentally wrong with the company. CSCC's fundamentals and technicals look very good to me for a recovery to the 40's at least. Also, I don't believe CSCC management would accept any takeover offer for less than $45/share.

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