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Technology Stocks : Cascade Communications (CSCC)
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To: Taby who wrote (2861)3/14/1997 1:58:00 PM
From: kvogel   of 3743
 
Huge volume and blocks between 25 3/4 and 25 7/8. Technically, important that CSCC holds above 24 1/2. CSCO downgrade has pulled down all network stocks and CSCC is one of the most volatile. If it holds above 24 1/2 and even better 25 1/2(recent low) it should be pretty well based out for a short term rally. How many more downgrades in a group that's still growing at 50% a year can there be? It's painful but it looks like a washout to me. Expect it to be back over 30 next week if it holds above these lows.
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