C-Cube Message Board - Msg: 115246

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 36.21

+0.7%

1:44 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andy Chen who wrote (680)	6/5/1996 12:44:00 PM
From: Andy Chen	of 50808

C-Cube's panic selling nature is confirmed. the stock dropped to 47-47.5 level after spending most of the day trading at 48-48.5 upon the open of some western stock exchanges. individual investors on the west cost were selling panic when they saw the news in the morning. huge sell volumes. however, interesting enough overall buy/sell tick is still in a ratio of roughly 3/1. look for the stock to test it's 45-47 resistance level today. this one is going down. but, i would be a buyer here. there are potentials of spike ups. the MPEG market is very different from the DRAM commodity. price drops are inevitable but not persistant. the fragile price-drop of cube confirms that the stock is still in its oversold stage, which is projected to be able to bottom by July.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next