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Technology Stocks : Cascade Communications (CSCC)
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To: Scott who wrote (2833)3/15/1997 7:48:00 AM
From: Carl R.   of 3743
 
I agree, Scott. I looked at CSCC at 90 and shook my head. A nice company - but at that price??? Anyway, I do own some now, and plan on buying more on dips. It doesn't need to get back to 90 in a year. In fact I think it will go to 40-60 in a year, which is still a good return. Oh and regarding MU, I did make some money on the long side on the recent rise from 34 to 45, though I sold out at 40.

I will point out that I haven't seen any posts indicating that CSCC will not continue to grow, only posts arguing that TA implies a little more downside potential. That signals a time to buy to me.

Good luck,

Carl
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