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Technology Stocks : C-Cube
CUBE 35.40-1.8%Jan 2 9:30 AM EST

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To: Andy Chen who wrote (885)6/12/1996 1:00:00 PM
From: dppl   of 50808
 
CUBE and technicals (again): I agree that what CUBE seems to be doing here is "backing up and filling" as someone else said. It's typical of a high flying stock that overextends itself. The only way CUBE will fall further is on bad news. The current pattern could go on some time, but to me the chart looks very good (100 week) and nearing a bottom (100 day). I still think CUBE here represents an outstanding buy. Gains from puts writing now are slight (IMHO). If the July call price comes down a bit more, that would look a lot more interesting.

dpl
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