C-Cube Message Board - Msg: 1846562

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Technology Stocks : C-Cube

CUBE 36.89

-1.0%

3:59 PM EST

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To: Rarebird who wrote (19573)	7/27/1997 12:03:00 PM
From: Beachside Bill	of 50808

Rarebird, My impression on CUBE is that since CUBE broke resistance of 22 1/2, one would look for the new resistance at around 32 1/2 or basically at the last point trading range CUBE fell into back in early February. To be alittle more conservative, and a good option number, 30. I personally like to use a upper Bollinger Band computed using a triangular formula to give an idea where the price should be. Right now CUBE is sitting right on that upper band after the retracement Friday. I myself am planning to open a very small position in CUBE Monday if the price is near the close Friday due to the retracement and average down if need be to insure a profit back at 20 by buying larger amounts when indicates a bottom. I don't think this would come into play due to the power of the initial breakout on good volume, but I don't like going whole hog after a breakout since this is only a very recent indication of a new trend. BTW, did you noticed the breakout in SIII besides DIMD this week too. It appears the me that this one has a high correlation with the other two with respect to season. Just an opinion.

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