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Technology Stocks : C-Cube
CUBE 37.54+1.5%Nov 7 9:30 AM EST
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To: WHL who wrote (16055)5/22/1997 5:37:00 PM
From: Global Investor   of 50808
 
CUBE may touch 10-12 before rebounding.

Anytime a momentum stock takes an initial zing, it can go down 30-70% more. E.g. AMAT (initial zing from 60 to 40, bought at 34, dropped to 24, before rebounding to 67 -- all in one year). Thank God I held on during the dip despite the distress.

Good luck. As difficult as it to swallow one's losses, sometimes it is better to take one's losses, take the tax break, and buy it back one month later if one does not see much of a dead cat bounce or intermediate rebound.
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