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Technology Stocks : C-Cube
CUBE 37.54+1.5%Nov 7 9:30 AM EST
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To: DiViT who wrote (39728)4/9/1999 1:39:00 PM
From: Don Dorsey  Read Replies (1) of 50808
 
Has CUBE based long enough?

After a long downtrend, a stock generally has to base until a new generation of shareholders takes over. After enough time, and enough shareholder turnover, the psychology changes from disaster to opportunity.

Since Jan 1 1998 as many shares of CUBE have been purchased below 20.5 as have been purchased above 20.5. This means the average shareholder in CUBE today is probably about even in his investment. I don't know if CUBE has based long enough, but it must be getting close.
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