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


To: Captain James T. Kirk who wrote (3667)5/21/1998 3:15:00 PM
From: Peter Yang  Respond to of 8358
 
If you check the 1 day chart for CS today, you can see clearly that the big block was a "buy". CS was driven down to 13 1/4 on very light volume this morning (Maybe it's done intentionally by MMs). Then the accumulation for the big block buy began and drove the price back up a little. When the big block finally traded, the price was the highest (around 13 5/8) for the day (excluding the few minutes at the opening). Therefore I conclude that a big customer just stepped in and got a big piece of CS.



To: Captain James T. Kirk who wrote (3667)5/21/1998 10:03:00 PM
From: blankmind  Respond to of 8358
 
just a down day in general for the network sector:

stock last 5/5/98 %change
coms 28 3/8 34 7/16 -17.60
nn 28 31 11/16 -10.45
xyln 26 3/4 29 1/8 -8.15
fore 22 5/16 23 7/16 -4.80
cs 13 5/8 14 1/4 -4.39
csco 77 3/4 73 5/8 5.60
bay 25 1/2 23 5/8 7.94
asnd 46 9/16 42 10.86
since csco reported 3rd q



To: Captain James T. Kirk who wrote (3667)5/22/1998 11:21:00 AM
From: Doug  Read Replies (2) | Respond to of 8358
 
J.T.K: The first three Q's are expected to be a consolidation phase. My guess is that CS will break out only in the 2nd half. Till then, it will be held down in a trading range of $13-16.

If there is a buy-out of any Networker, we may breakout earlier.

Good luck.!