lisa, oh no, another cnbc'er >>
I too watch it all day. My office consist of 2 p.c.'s and a small
12 inch boob tube locked on to CNBC. With Cube I see shades of SEG,
APM, and especially SGI, three of which stole my 1997 profits in a
few short weeks. Just like Cube, the bad news wasn't there, then
wham, from expected strong earnings to the reality that recovery
was 12 - 18 months out. I held them at the bottom for awhile, then
realized it was dead money. Too many possible upsides to sit on dead
money. Took my lumps, keep a small position in SGI and SEG but put
the rest back to work. Good decision. Cube is taking on the same face.
I don't understand it, didn't with SGI either, but the street was
talking to my deaf ears. Actually I'm very cash heavy now, awaiting
more qtr1 disasters. It's looking like time to add Cube to my cash
position. Cube not following market rebounds and dropping on market dips is about as obvious as it gets!
Larry |
