C-Cube Message Board - Msg: 115498

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Technology Stocks : C-Cube

CUBE 35.89

+0.1%

Dec 26 3:59 PM EST

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To: Paul Chiu who wrote (685)	6/5/1996 2:51:00 PM
From: jonathan smith	of 50808

Today's panic selling may have been incited by a large block being sold. Investors have always believed that bigger equals smarter. At 13:26 the first of 4 Reuters announcements came out. #1 Stated that the Robertson Stephens analyst cut Q2 to 0.38 to 0.40. #2, at 13:30, stated the RSI analyst cut FY1 to $1.60 to $1.65. #3, at 13:32, stated the RSI's analyst's previous Q2 and FY1 was 0.65 and $1.65. For starters, RSI's FY1 has been $1.65 since early April thus today's change is no real cut. Secondly, a Q2 revision to 0.38 to 0.40 has to be evaluated in the light that all the other analysts' estimates are already in the .42 range. The analyst further stated, at 14:11, that the "long term outlook for C-Cube remains positive and that the drop of its share price on Wednesday was a market over-reaction. Today's investor sells first and asks questions later.

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