C-Cube Message Board - Msg: 1808824

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Technology Stocks : C-Cube

CUBE 35.64

-0.6%

Nov 20 3:59 PM EST

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To: Bart who wrote (18908)	7/22/1997 12:09:00 AM
From: Rarebird	of 50808

Short term I see Cube continuing to base out in a trading range. That is to say, neither the shorts nor longs are gonna make any money here. Only the traders are making money on Cube: between 18.75 and 20.75. There is an old adage on the street: When you disappoint like Cube did at the end of May, the stock is dead money for 3 months. Two months have passed and it has been dead money. The good news is that there is only about a month left, Cube has been healing technically for a breakout come the end of August. We need more wins to breakout sooner.There is still fear out there that Cube could disappoint again. I hope I'm wrong but I see Cube touching 21 early in the morning then quickly retreating to 20, which of course, won't hold. Technically speaking, its a classic basing process. For the time being, Cube is a traders paradise. Yes, I've been trading it, but I hold a substantial position at 17.75 and 25. Counting my trades I'm well in the black. I can afford to be patient and expect to be well-rewarded. Time will tell.

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