C-Cube Message Board - Msg: 4923906

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 36.82

-0.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DiViT who wrote (33926)	6/18/1998 6:33:00 PM
From: William T. Katz	Read Replies (3) of 50808

RE: The bearish perspective I'm going to stay out of CUBE for hopefully another 2 weeks. While we agree that CUBE will do well later in the year and be an excellent long-term investment, I think there is too much risk in the short-term, particularly with the Asian situation. I think the efforts to prop up the yen will fail reasonably quickly unless Japan unleashes some fundamental reform, something they haven't been able to do for the last 7 years. If the yen drops, China might devalue. China has been making signals and I think that they are preparing the way for devaluation when they can "save face" by blaming Japan and US for letting the yen slide like that. Does devaluation hurt CUBE a lot? Maybe not, but as we all know, the stock market doesn't go purely on facts. If China devalues the currency, there will be at least one huge down day in markets all around the world, and if that day occurs, I hope I'm holding a nice % of cash to buy selected holdings like CUBE. So I guess I see the short-term upside as limited but with some reasonable downside risks. I might nibble a little if CUBE keeps dropping but will keep my main reserve in case of fall [if I can keep my hand off the buy button].

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next