The DOW closed at 8487. On 7/20/98, I claimed that large caps were overextended, and were due for a breather, possibly a correction. The DOW was in the 9200-9300 range then, and now is down 800-900, or approaching 10%. This would be a correction.
I continue to maintain that CUBE is subject to much larger forces (the overall markets), and can either be victim or beneficiary to those markets. Currently, CUBE is being victimized. HOWEVER, I am STILL long CUBE, and my hope is that once the dust settles, and investors grow tired of blindly throwing money into large caps, and start looking for undervalued gems (like CUBE), this could be a factor to finally launch CUBE. I hope that this is more than just fantasy. Hang in there! |
