in re CUBEs future price movement, I can see clearly now that my vision is back- High Definition Future Vision. THIS POST IS MADE ON 9/9/99 AT ABOUT 10 P.M. (FOR FUTURE REFERENCE OF THE NON-BELIEVERS)Post # 44625 I think this is the first leg of a 5 leg wave that will end us at 47.
For those of you who ask how I get to this opinion; heres how:
In the last run up Cube should have only got to 35, but it got to 37, 2 points higher then it should have. This is why it bottomed out at 26, 2 points higher then it should have. The strength it has demonstrated since 8/31 had a buyer today totally throw in the towel and give up chasing it. He bought 50,000 shares between 33 1/2 and 34 1/4.
Without sellers the stock has no where to go but up. Here is how I believe IMHO it will trade going forward.
1. It will continue easily up to 35 quickly, defined as within the next 3 days. Then it will move towards its last peak of 37. It will struggle here and get passed it. Note it may dip back and rest before it charges through. When it charges through it will be on its 3rd leg up in a 5 leg wave. Note 3rd leg should end with Cubes earnings announcement in October.
In the last 2 waves up the first wave was up 13 points in about 60 days, the second wave was up 17 points in about 90 days. This wave IMHO will be up 21 points within 120 days. Taking Cube to a high of 47 somewhere between 11/30 and Cube's earnings announcement in January.
In the last 5 years November has been Cubes best month. Look for the best part of Cube's run to take place starting sometime in the second half of October and ending on 11/30. The 5th and final leg should start after Cube has tested it's low(support at that time of 37). Not being able to break any lower it will only be able to go up. This leg should be a 10 point leg.
One last note September has been a pretty good month for cube, October has been a nothing month, November has been the best month to be in in Cube in the last 5 years - look at its stock price history.
If the next 3 months hold true to history after a great move in Sept, Cube will rest in Oct and take off in November.
The above info is strictly my opinion and is based upon the collective information I have to date. Future events could change my mind on how the share price may move. These could include an overall stock market disaster like 87, or a take over bid for Cube, or other possible future events.
Before Cube reported earnings last time the stock went up and after it reported earnings the stock went down. There is a good chance that since it began its up move sooner than in the past(30 days prior to earnings announcement)it will go up farther as it approaches the earnings announcement in October. Look for the share price to fall after Cube announces earnings (maybe sharply). Then a great November as the street anticipates the next earnings report with the Christmas numbers(DVD). Cube should do well between 12/15 and its earnings announcement in January. But by the time earnings are announced in January all of that great future stuff will be priced into the stock.
Good luck to you all - I hope you all make alot of money this time round the track. |
