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Ftmp, try to keep things in perspective on Cube: prior to Friday, the stock was up 7 points from 19-26. Technically, the stock looks good now: having broken 22.25, Cube is in a short term uptrend! I mentioned this to my wife last night who also owns some Cube and she got depressed but I think its true so I'm going to say it here: Early next week, I see Cube coming down and testing 22.25-22.5, which should now represent ( old resistance) major support. This would represent a 50% retracement of the most recent rally, which is actually typical of volatile tech stocks, like Cube, Micron, Applied Materials, etc. After we test this level and gain support, I see Cube rising to about 30 where it will trade in a 28-30 range for a while. This is merely my opinion based on technicals. Cube is looking up fundamentally too, having had a couple of good wins this week. If these wins continue, Cube may shoot up on expectations of higher earnings, invalidating everything I'm saying here. Be happy. It's the first time in a while that Cube has seen some light. |
