Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: Risberg who wrote (2897)	3/15/1997 12:03:00 PM
From: Glenn D. Rudolph	of 3743

AMD is a wonderful turnaround story, but it took 16 months to fall. I am still waiting to see the chart of a company that fell to 30% of its value in 2 months, not 2 years, and then quickly snapped back. The sharper and more precipitous the fall, the harder it is to win back the market's confidence. Risberg, I am not siding in what appears to be an "argument" regarding what CSCC will do next. However, look at FORE last June. I am well aware it is now trading at 22-23 but you will see a "cliff drop" last June and a virtual full recovery until last week. It is the fear of these high PE and high growth stocks that cause such a fast drop and they do rebound very quickly due to the greed. I am long in a variety of these networking stocks and have been hit hard with the recent sell off of the sector. I do expect a very good recovery by this coming fall. Maybe, it is wishful thinking<G> Glenn

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