C-Cube Message Board - Msg: 1121972

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Technology Stocks : C-Cube

CUBE 36.94

-0.8%

3:59 PM EST

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To: Humblefrank who wrote (12591)	4/3/1997 10:07:00 PM
From: John Rieman	of 50808

Right now CUBE is in its own Futures market. When a contract goes up, 50% of the players make money. When it goes down, 50% of the players make money. If you think the float is about 20M, you need to take out the shares that aren't for sale.(long term holders/American Century). You might be close to 10M longs who would trade. Each side uses every bit of news, or rumer, to move the stock. There was no reason to buy, late today, ahead of the jobs number. Lack of buyers, opportunity. The other explaination is margin calls. Techs were hit hard. When they come, people will seel because they need to. It's not quite that well planned(I hope), but you can expect this type of price behavior as long as we have this high short interest. Andy always said things like that. I think he rubbed off.

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