C-Cube Message Board - Msg: 603679

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Technology Stocks : C-Cube

CUBE 35.93

-0.8%

Dec 18 3:59 PM EST

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To: Judy Cohen who wrote (8387)	12/31/1996 9:38:00 PM
From: Alex Burns	of 50808

Judy, I must admit that I hope that your buy order at 35 never gets executed. That's because I am already invested in CUBE and would prefer that it not exhibit any further weakness. Depending on the time period that I use when I pull the charts, I get significant support levels at 34 and 35. Support levels are critical here because if it breaks below these levels, it could go all the way down to 22. It's got to break thru a lot of barriers before it goes down that far. If it breaks below 34, it appears to have pretty good support at 30... I invested in CUBE because I reached the opinion, based on all the information I gathered, that the upside potential for CUBE is greater than the downside risk. My upside target is 55. Before it gets there, it must get thru resistance at 40, 45, and 50. So my decision to invest was based on the risk of CUBE going to 30 (-6) versus going to 55 (let's say +18). That's the ratio I look for in terms of risk versus reward -- 1 to 3. I look for short term reversal patterns and I thought I saw a reversal pattern in CUBE based primarily on a technical indicator called Moving Average Divergence Convergence (MACD). On-balance volume, relative strength and other indicators are also favorable. The only negative is that there is still some momentum to the downside... I think that will be overcome when the professional investors get back to work... There are so many factors affecting stock prices that are beyond our control and understanding that we are lucky if we're right 65% of the time. If you're diversified and disciplined in your investing, that's generally good enuf to make it profitable... Alex

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