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Technology Stocks : Cube Bears & Negitive News
CUBE 36.32+1.0%Dec 30 3:59 PM EST

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To: Ed's Head who wrote (16)12/1/1996 3:31:00 PM
From: donald sew   of 35
 
Ed,

We are on the same wave length. The 50 & 200 day moving averages will intersect sometime in December, more towards the second half of Dec, which. Many TA's use the 50/200 MA as a benchmark. In light of such feel your timing of getting in before next earnings report in January appears to have strong merit.

If we are correct, CUBE may drop to 40, or even lower shortly (say 2-3 weeks), then we should see some upward movement by end December/early January.

The options on CUBE are a bit expensive. One way to play them is by trading the BUY CALL/ SELL CALL SPREAD.

Seeya
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