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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (6833)	9/9/1999 11:58:00 PM
From: jimbos	Respond to of 8358

Well i'll tell you, we'll be way over 18 tomorrow, with all of the news out. Trading at 19 on instinet per Reuters.

To: Tim Luke who wrote (6833)	9/10/1999 10:31:00 AM
From: R.E.B.	Respond to of 8358

I read your post and the re-post and although the theory is sound, I don't think the floor specialists is artificially keeping the stock at a sub $18 level. CS is trading in a range of $17 1/2 to $18 1/4 with just as much buying as selling going on each day. The problem is the lack of serious buying in the stock. With 174 million shares o/s, (149 float) we need some serious sustained buying to get the stock to move. 2 million shares per day is not going to do it. I'm encouraged by the block trades but only a few are large enough to represent institutional buying. With all the good news about CS that has come out in the last 2 weeks, there's got to be a reason why we've hit a wall. When we find out why, then we will know what's going on with CS.