from a technical analysis standpoint, it looks like cube may very
well have bottomed and is starting to form a nice little base just before
its breaks out and moves above it 50 day moving average. it has been
flirting with it now for three days and looks good from here. i just could not
resist buying at 24 last friday at the bottom of the "w" . long term chart
looks fine with a nice uptrend still in progress(since ipo). if price closes
above 29.25, 50 day ma, this would be very bullish. id it does, i would
consider buying more.
fundamentals are looking attractive also. p/e is low and less than
what appears to be furure growth rate. management must think this too,
since they own 42 percent of outstanding shares. and the number of
funds owning has went up recently too. also price to sales for a company
such as cubes growth is ok too; between 2 and 3 on last quarters revenues.
i sure am glad i am not short right now, and if stock price were to rise
above 29 (close) and earnings are .40 or above, i would run as fast as
i could for the exit. but of course the shorts don't do that since they see
the price rise as more opportunity and then get ran over.
any comments george, since it appears you are short and like to manipulate
stocks. unfortunately for all the shorts, it looks like both fundamentals
and technicals are about to run them over. with the high short interest
in cube, this makes a price runup even more impressive.
go cube and good luck to all longs.
btw, i was short cube at 60 last april when it collapsed. much different story then. |
