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


To: Pruguy who wrote (5467)12/13/1998 2:46:00 AM
From: George Bielski  Read Replies (1) | Respond to of 8358
 
Hi prune-guy. i'm neither long or short CS. Why i got out of CS is because when a tech company is on a downward spiral it's 95% certain that it will never recover, IMHO. I was one of the lucky ones being that I had an order in to buy 50 CSAB 1/8 below the days low and it never got filled. I was hoping for a takeover, that's all. I would have just s*** if the order got filled! I'll be back after several quarters and take another look. I can't see any compelling reason as to why some other company needs CS or its products. FORE yes, but not CS. I'll check back from time to time. My condolences to those who had hoped for a recovery at this time, but when CS was cutting prices by 50% I couldn't see any profits coming out of it. This stock has cost me dearly in the ride from 36 to 17. So you folks that were, like I was, hoping for a turn-around know that you arn't alone.