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

To: Captain James T. Kirk who wrote (3481)	5/2/1998 3:09:00 PM
From: Bron-y-aur	Read Replies (1) \| Respond to of 8358

cap kirk have been monitoring thread and am having difficulty trying to form an opinion on cs. got burned badly last year on this stock. if a solid base is forming down here, an interesting play could be writing jan2000 $15 puts for a debit of $4 and buying jan 2000 15 calls for $3.75. can you sum up your reasons for being bullish on cs given strength of competitors and slipping position of cs as evidenced in earnings last 2 quarters. i agree with the concept of buying when the street doesnt like a stock so long as fundamentals are solid. what are your thoughts thanks

To: Captain James T. Kirk who wrote (3481)	5/2/1998 10:10:00 PM
From: Bruce L	Read Replies (2) \| Respond to of 8358

Captain: I'd love to be positive this stock (I own -for me - a significant amount) but its difficult given the late-in-the -day fade that CS has been showing for the past week or so. The stock ticks up 1/8th or 3/16th in the morning and then falls to its late day perch of 13 3/16th to 13 3/8th. And that in a strong bull market. It's a classic indication that the institutions (the"smart money" ) are moving out of this stock In short, I disagree with you when you say the TA is positive. I'm going to give this pooch until Tuesday to show me something or I'm outa here.