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

To: PaperChase who wrote (3716)	5/28/1998 10:54:00 AM
From: jelrod3	Read Replies (2) \| Respond to of 8358

Over 1.1 million shares were block traded by Goldman Sachs on 5-21-98. The stock changed hands in the mid 13's. This could signify that a "warning" is coming or that the quarter will be less than expectations. Presumably, someone wanted out, and somebody else wanted in...Unless it was CS that was buying (do they have an announced stock repurchase program?) This is one sick puppy. And I am long, and have been for years and have been averaging down as the price declined. Will all the "smart people" on the Street who advise: "Dump your losers the minute they fail to have an earnings disappointment," be correct in this instance? Earnings shortfalls are like cockroaches. Rarely, if ever, is there "just one." Which brings up this subject: What about the long term survivablity of CS? Certainly no white knight has appeared to save the day.

To: PaperChase who wrote (3716)	5/28/1998 2:59:00 PM
From: Harold S.	Read Replies (3) \| Respond to of 8358

In addition to BAY, we can look at a stock like FORE when it was about 10 last April and has recently been to about 25. The market tends to over react and negativism spreads like a disease with a stock that has been beaten down like CS. I have seen this, in the past, as often the best time jump in a stock like this. You mentioned BAY, which is a good example, but we can also name two other stocks right in the same sector....FORE and ASND. Just look at the negativism on ASND when it was 22 dollars per share!! If you read the thread they were going out of business, doctoring their books, and any other thing you could think of to justify they were going down the tubes. Now look at them today just recently going to about 47. I'll take that 100% return in 3 months any day and I believe the negativity is at its max with CS and it presents the same opportunities as BAY, CS, and ASND.