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

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To: Ying Luo who wrote (777)6/7/1996 6:16:00 PM
From: Andy Chen   of 50808
 
Shorters won't cover? You're not going to get better return from holding on to CUBE short position than, holding on to spyglass, netscape, netcom, or DNA short positions.

well. I would say any shorts who sold into the TDK/TI uncertainty news ARE feeling the WHIP. stock closed at $45. if you shorted on the TDK/TI news, the best price you get is $46-48.

most of the short positions are due to "momentum" sell. (as recommended by Cabot Bible). the reason they give : "sales are not recurring and demand is slowing down." if you know the business and do some security analysis, you will find the 26 P/E is absolutely attractive. I, personally, believe the stock should trade at a 30-35P/E (notice--oracle is trading at a 34 P/E)

therefore, I strongly BELIEVE most of the short positions in Cube are the same followers of CABOT when it recommended cube and shoot it into the 60-70 level.

these people are most vulnerable to technical WHIPS. WHIP WHIP WHIP! YEEE-HA!! WHIP WHIP WHIP!!!
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