C-Cube Message Board - Msg: 2949991

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Technology Stocks : C-Cube

CUBE 35.91

-0.9%

3:50 PM EST

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To: Rarebird who wrote (26580)	12/12/1997 1:48:00 PM
From: Ed's Head	Read Replies (1) of 50808

Rarebird: Undoubtedly there comes the time when profits should be taken. At some point in time the position should be covered weather one is long or short. At some point in time the underlying security reaches a top, or a bottom. If history is a teacher then I would say that the top for cube is about $70 per share, likewise the bottom has been the $17 and a fraction area over the past 52 weeks. The fair value for cube was recently $43 a share. Personally I don't think this China syndrome is enough to pull Cube lower. I think the China syndrome is already built into Cube's current price. The China economy is expected to grow in 98 at a rate of 8%-12%. The question then becomes; what is all this hype about anyway? I think 98 will be the year of the small and mid-caps. Many of these companies are undervalued including Cube. 1997 has been a banner year for the big guns, the blue chipper's. I think they have found their value, and that the money will rotate, and hunt for value. I say Cube finds support here, and that we don't see a weekly close below $17.00 a share. I say the shorts are wrong not covering here! good luck c-ya!

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