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Technology Stocks : C-Cube
CUBE 36.74+0.2%11:45 AM EST
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To: Rarebird who wrote (27249)12/30/1997 12:58:00 PM
From: michael zhang  Read Replies (1) of 50808
 
I thing a rebound is likely after tomorrow. The selling yesterday was fueled by the speculation on CNBC about possible bank crisis in China. The stock did rise to 17 7/8 before the talk on CNBC and then went down after. I think a bank crisis in China is unlikely because over 80% foreign investment in China is direct investments and not like the foreign investments in those countries including South Korea and Thailand. Tax related selling is also contributing to the sliding and should subside after tomorrow.
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