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Technology Stocks : C-CUBE - For Technical and Option Investors

CUBE 37.02

-0.6%

3:17 PM EST

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To: Terry Whitman who wrote (1)	8/7/1997 5:38:00 PM
From: HOSEMAN	of 128

Terry I use a technical software package. It was dead red (sell) since December 1996. On July 14, the stock showed a trendline breakout (huge from the Feb 96 high) as well as a volume accumlation % breakout. As measured over a short, medium and long term duration, each indicator turn up on July 14th. At that time, I sold some puts naked that turned out a good call. Yesterday, my short term indicator went red based on a relative strength divergence, That is, the stocked move higher on decreasing internals. What this tells me is that we could be setting up to close the 22 1/2 to 23 gapped created on this breakout. Unles the medium term turns down, being long is aok. its green so we could in for a little softness. When we close the gap, I think it should be a great time to jump in on th elong side. The shorts will sigh in releaf only to find the technicals improving and the real cover to begin. HOSEMAN

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