ALL: cool it.
Just look at a few (solid) growth stock charts such as UUNET, FORE, QCOM, USRX (eg nov-feb. 95-6) etc... It's called running ahead of oneself. Unless Alex B. has some nasty news up his sleeve (and if he does, why did he buy divicom?) CUBE will be up and running again. Sell tomorrow and you might miss 20 points in the next two weeks.
Unless, of course, you don't believe in the stock, in which case you should definitely sell right now. Hedge if you like, but then "markets are made to show how stupid you are."
I'm holding 3K -- of course not buying right now and with stop losses pretty near here. But would I write puts? -- No, I'd rather sink some money in another stock or hold for another CUBE buying op.
In 2 months you could be cursing yourself for imprudent decisions now, if you sell CUBE. If you think CUBE's fundamentals make sense, stick to it. CUBE has a near monopoly position in the mpeg encoding business. Period.
Until someone shows me the error of this reasoning I am happy to stick here. I've been here before with all the aforementioned stocks -- some of which I very much regret selling! (Sold FORE in Dec. 94 when it was at 18 -- that was clever, wasn't it? It's now 40 but in the interim it dropped from to 13.)
dppl |
