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Technology Stocks : Cascade Communications (CSCC)
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To: kvogel who wrote (2843)3/13/1997 6:29:00 PM
From: space cadet   of 3743
 
You're right about CUBE. Often, these momentum stocks do make a partial recovery. In virtually all cases these recoveries are pretty brief and unsustainable. So CSCC might make a run into the 40's. It certainly can't be ruled out. However, because of the general depression in the networking stocks, I personally think it's not too likely, though 35 is conceivable realistically. Whatever move there is, you better get out pretty fast as I don't think CSCC can sustain those levels for more than a few weeks. I see CSCC having a P/E between 20 and 40 from now on, which I expect for the entire networking sector. COMS and SHVA are near 20 (according to Yahoo) and CSCC and CSCO are in the 30's. ASND has a P/E of 63, which is definitely way too high. Time to short ASND...
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