Oh my!!! I just added to my position, toward the close on Friday, to CPU at the three years low of 10 9/16. The stock broke this low and closed at 10 1/2. According to most TA this stock should tank on Monday or there after. I hope not, but we shall see.
I, of course agree to what Charles wrote. The bid size on Friday was almost all day about 10 times the ask size. This indicates some kind of accumulation (I'm talking about INPR here, of course). But CUBE, I do understand your point of view. You remind me of someone who used to be on the NOVL board, though. He made a very convincing case why NOVL is going nowhere right before the stock started to recover from its low of 6 or 7. He also made a case why one should not buy ORCL under 20 (a convincing case based on numbers, PE etc... and compared the company to NOVL). Well, I have some ORCL bought under 20. Where is the stock now?
This story is going to take a lot of patience, but I think we will make it. When we do, it will be big. If we see 6 again, it will be on our way up. But, I could be wrong and you could be right. I do own the stock and do think from this angle. But, once more, this is no QDEK.
Regards...
Ghassan. |
