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Technology Stocks : C-Cube
CUBE 35.84+1.4%12:59 PM EST
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To: Scotsman who wrote (20245)8/7/1997 1:00:00 AM
From: Rarebird   of 50808
 
I agree totally with Floyd that one needs patience here. Barring an unforseen circumstance, there appears to be no question, technically speaking, that Cubes next substantial move will be up. When it will happen is very difficult to predict because there is alot of overhead supply of stock for sale here. And I don't mean Kubutta or whatever his name is. You have to understand that alot of people have lost an incredible amount of paper money by investing in Cube from Oct.1997 till the end of May of this year. That means that rallies will be used by many investors to sell their holdings of Cube. Most investors do not dollar cost average down. If they bought Cube in the 25-28 area, their looking to exit gracefully with a modest loss. Eventually, the supply here will diminish and it will head higher to the 30-32 range where the same overhead supply of stock for sale will resurface. Further design wins and upside earnings suprises can accelarate this whole process. On the other hand, investors who have bought into Cube over the last 2 months and who are sitting on nice profits may not want to take the risk of hearing another pre-announcement of an earnings shortfall. This is a cat and mouse game where the INSIDERS have a decided advantage over EVERYONE. Monetary considerations, of course, RULE.
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