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Technology Stocks : C-Cube
CUBE 37.68+1.7%Jan 9 9:30 AM EST

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To: John Graybill who wrote (32182)4/15/1998 1:20:00 PM
From: R Verchota  Read Replies (3) of 50808
 
John - regarding potential breakout and options expiration.
Thanks for your thoughts. Although I would normally agree completely, the fact that Cube reports earnings before expiration leads me to believe that options expiration effects may be more than offset by the earnings and the conference call outlook. Goldman has been at the best bid almost all day (today) and we have broken through 20 (again).
One encouraging note is that the 5,000, 10,000 and 15,000 share blocks that hit after a lit run have not had the normal effect of dropping the price .50 today (as they usually do). Whoever said the shorts don't give up without a fight is certainly on the money so far.
Good trading (or investing).
Bob V.

P.S. I just watched 5,000 shares sell at 20 1/16 when the bid by Prudential was 20 1/8. Then Goldman, my indicator, moved up to 20 1/8 bid. Looking good to me and I'm glad (so far) that I bought 2,000 early today.
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