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Technology Stocks : C-CUBE - For Technical and Option Investors

CUBE 37.23

-0.3%

Nov 28 9:30 AM EST

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To: Pete who wrote (83)	1/5/1998 10:33:00 PM
From: HOSEMAN	of 128

Pete Unless the earnings and the follow-up story is excellant, I don't see that range in the immediate cards. There has been too much activity in the 21 - 22 1/2 range. This should prove to be serious resistence and overhead supply. From 17 to 22 1/2 is a 30%+ move and a very good trading point. I'd be willing to sell 22 1/2 calls against owned positions. Frankly, breakdowns below 20 may cause the 20 level to be serious resistence. Time will tell. Positive action in the short term appears to be in the cards, however. HOSEMAN

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