C-Cube Message Board - Msg: 11249931

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Technology Stocks : C-Cube

CUBE 36.91

+1.7%

Nov 25 3:59 PM EST

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To: Black-Scholes who wrote (44763)	9/14/1999 5:20:00 PM
From: OZ	Read Replies (3) of 50808

The chart beat the news though. The stock has been rallying since it touched the 200 mva. Of the last 10 trading days, you had 6 up days and 4 down days. Today was the 2nd smallest up day of the 6. If fundamental news data was the most important issue, then it could be argued that today should have been much bigger that it's technically driven 5 up days. What you have is the T/A people and (Upon hearing the news) the fundamental crowd on the same side. All the up days are on good volume and all the down days are on weaker volume. If the stock does start pulling back soon, don't get to concerned. That is normal and I still think you are in great shape. Question: are you part of the "overhead supply" previously left holding the bag or are you "in the money". This question gives a clue as to the dynamics of T/A. As price approaches levels that previously sold off (even years ago), those people are very likely to dump at the first chance to get it back... (aka. resistance) good luck, OZ

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