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Technology Stocks : C-Cube
CUBE 37.54+1.5%Nov 7 3:59 PM EST
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To: DiViT who wrote (27319)12/31/1997 1:41:00 PM
From: Don Dorsey  Read Replies (1) of 50808
 
I have no idea what the price will be on 1/15 or 1/30, but I'll go way out on a limb and predict new highs in '98.

Now if everyone is through laughing, here is my rationalle:

The stock is forming what is known as a giant flag formation (a sharp run up (the flag pole) followed by a long consolidation (the flag)). This is a continuation patern, suggesting the next major move will be in the direction of the previous major move (upwards) with a price objective of surpassing the old highs. Also I am getting enormous bullish divergence on the weekly and monthly charts which indicates the market is running out of sellers.

Just my interpretation of the chart formation, no guarantees.

.
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