C-Cube Message Board - Msg: 1167495

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Technology Stocks : C-Cube

CUBE 36.45

-0.5%

3:18 PM EST

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To: Tyler Lawton who wrote (13242)	4/10/1997 6:47:00 PM
From: Humblefrank	of 50808

Yes, I'm glad I have those puts. I don't think it will fall below 24 though. Go back and read my post from the other day. There are too many April puts sold. Option Market makers would lose about 15 million dollars for every point it falls below 24 by next friday. That's up from about 10 million a few days ago. That's not going to happen. If there's a larger drop it will be after next week. I think funds will start moving into this stock over the next few months and when the shorts realize this they'll hit the road. I don't think they can scare people too much any more. All the wimps are out of this stock now. I'll be selling my puts soon and going longer. I don't think I'll need a hedge if I can buy under 25.

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