C-Cube Message Board - Msg: 10806040

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Technology Stocks : C-Cube

CUBE 35.77

-0.3%

1:34 PM EST

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To: Don Dorsey who wrote (43576)	8/3/1999 5:49:00 PM
From: John Rieman	Read Replies (1) of 50808

Your right about trader's motives. C-Cube moved from below $19 to $37 in a short period of time. A 1/2 retracement is about $29. A 2/3rds is $25. It's the, "take your money while it's on the table" mentality. (TM Andy Chen). The general market doesn't get a break for 3 weeks, here. Friday's Employment Number(I hope nobody got a raise). Next PPI and CPI #s, and August 24th, Fed meeting. Lots to worry about. Money managers need good results for the year. We are entering the selling season to lock them in. Last year's market decline in this period was 20%. This year could be worse.

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