C-Cube Message Board - Msg: 1795936

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Technology Stocks : C-Cube

CUBE 36.62

-2.5%

3:59 PM EST

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To: Emil T. Colosimo who wrote (18834)	7/19/1997 9:40:00 AM
From: Rarebird	of 50808

Emil, I see Cube openning higher on Monday, in spite of the rest of the tech sector. A close of 21 or above means we are going to challenge some major resistance at 22.25. A break here and watch out: I see a spike to the mid to upper 20's which I don't believe will hold short term. Does anyone know if the analysts have changed their earnings estimates as a result of the conference call? The worst case scenario I see for Cube short term is that it will continue to base out in a trading range of 18.75- 21, which technically is good for a breakout in the late summer/early fall. The shorts have dead money here short term. They didn't get another disappointment on Thursday and must now hope for another pre-announcement from Cube in late August/ early September. David, can Cube meet earnings expectations for the next quarter? In light of the fact that all the bad news is reflected in Cubes stock price, any good news will push this stock substantially higher. At this point in time, I would expect the shorts to rant, rave, intimidate and do whatever is necessary to get the longs to sell. Why? Because there is no fundamental nor technical reason to push this stock lower!

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