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Technology Stocks : C-Cube
CUBE 36.31-0.9%Dec 8 3:59 PM EST

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To: Feraldo who wrote (12627)4/4/1997 2:30:00 AM
From: Humblefrank   of 50808
 
I think that block that sent the stock down is important, but more
important is the stuff we can't see. What happened today is very similar
to when the stock went to 34 then came back down and slipped from 31-32
to about 28 in a few minutes. Either the market makers are playing games
or this stock is like the ocean. Buyers and sellers come and go in waves.

I think you should get a good price tomorrow Feraldo. I should have waited.
I bet it drops at least a point at the open, but I don't think it will
break through last years bottom in the 21's. If it drops like that at the
open I'll be happy cause it will generate a lot of volume and could
make a nice up move. You mentioned about what Cube did in 1995. Shorts have
to know that could happen again. They likely try to do some covering
in the next few days, although they could also hedge their position with
calls. I played around with Zitel a lot a few months ago and the shorts
played all sorts of games. They would ride the stock up and down to shake
people out and some of them seemed to know when it would happen. With such
a float it must be easy for them to manipulate the stock.
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