I dont think this is purely short covering related, though you might
be right, there might be some kind of short covering occuring, but
also, I think people + fund managers are starting to accumulate CUBE
at this really attractive price, today's volume is a little low to
confirm a strong reversal, but on a postive note, CUBE finished at the
high of the day, and NASDAQ volume is half of what it should be, possibilely due to the new year vacations. I'm expecting CUBE to rise again in Monday, with new funds waiting to be spent, fund managers should be buying in.
Regards |
