C-Cube Message Board - Msg: 3035344

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Technology Stocks : C-Cube

CUBE 35.64

-0.6%

3:59 PM EST

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To: Brad Rogers who wrote (27075)	12/23/1997 11:31:00 PM
From: Rarebird	Read Replies (1) of 50808

Brad, I think your being overly optimistic. I think Cube can easily hit a new low and move considerably lower. The last line of support is right around the present level. If it doesn't hold, WATCH OUT BELOW! On the other hand, I have been expecting Cube to bounce, but we are in a BEAR MARKET! It looks, acts and behaves like a Bear. It's very different this time then when it hit 17 last May and June. Cube had good reason to go down then; it had just pre-announced an earnings shortfall and was justifiably getting sold. This time the selling is taking place in the midst of good news! That's pretty troubling to me and a very bad omen for further selling. Maybe your right and Cube will finally bounce tommorrow and move into the low 20's. But one thing is for sure: If Cube does bounce, it will most likely revisit the $17 level again. Technically speaking, a real advance comes from a double bottom or W formation. All I think you can expect here, technically speaking, is a counter-trend rally to the $20 or $22.5 level. I expect Cube to ultimately break down with the rest of the Market by the first quarter of 98. I have been saying all along that I think it is going to get downright ugly before its all over. It's been a long time since we have had a real Bear Market in this country. It's long over due and it is underway. The worst is yet to come. I see Dow 6000 and Nasdaq 1200 before its over. Cube will hit single digits before it's all over too. Be careful and preserve your capital.

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