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Technology Stocks : C-Cube
CUBE 36.82-0.5%3:59 PM EST
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To: Stoctrash who wrote (26903)12/19/1997 1:09:00 PM
From: Rarebird  Read Replies (2) of 50808
 
If " I'm the man", Your the Ice Cubes Broker. It's difficult to say what Cube may earn next year, given the fact that the bad news in China has not come out into the open yet. I am on record, however, saying that its PE is way too high in this market environment given the present consensus estimate of about $1.23 for 98. I think the market and Cube are in for some very rough sledding in the Feb.- April time period next year. The Market has been in one Big Churn since the August highs with a downside bias. Come February, I think investors are going to realize that they can't make headway and will begin to pull out. I doubt we will go below Dow 6000. With lack of liquidity, stocks like Cube will get hit hard. Now answer my question: You know darn well Cube won't hold $17.5, where do you see it bottoming?
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