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


To: 45bday who wrote (6971)9/28/1999 11:11:00 AM
From: Dave  Respond to of 8358
 
Well let's see...

The market is down over 10% in the last week
Some of CS uptrend was earnings play
No large blocks selling
Volume on drop today is relatively low
Lots of upgrades and future looking better
Plus the potential of a buyout

...I'm holding (if anyone was going to get out, they should have done so prior to earnings. If you look at a one-year chart for CS, all the corrections but one, we're around 20%, so the bottom is near IMO)



To: 45bday who wrote (6971)9/28/1999 11:11:00 AM
From: Captain Jack  Read Replies (2) | Respond to of 8358
 
sol-- partly due to a crappy mkt and partly there are many without the fortitude to hold. Just gambling on the buyout and no conviction by many,,, I'm holding as I think it is done and we will soon see the announcement.