C-Cube Message Board - Msg: 881764

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Technology Stocks : C-Cube

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To: Michael Anthony who wrote (10533)	2/25/1997 5:13:00 PM
From: Warren Gates	of 50808

THE CHARTS! THE CHARTS! ... they never lie ... I'm surprised that people actually think this will take off like a rocket back to the 40's or even 50's level because of the chip announcement ... it was news alright, but it wasn't like everybody was caught by surprise ... Technically, the stock retraced from the 20s to the 34 level ... so now, it should proceed to where it is trending ... that is down ... the new leg has just began and this time, it might even go below the lows set in July if Nasdaq tanks ... Fundamentally, the new chip looks promising ... but it is still is and will become a commodity chip ... money has been moving out of this issue for a while, and nothing in the charts is telling me that it will soon stop

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