Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: BillyG who wrote (48558)	2/7/2000 6:43:00 AM
From: Maya	Read Replies (1) \| Respond to of 50808

How about this? wallstreetcity.com Stock of the Hour Feb 4 2000 2:33PM CST Archives... CUBE Showing Early Signs of Possible Big Move by Charles Rotblut, CFA Senior Analyst/Contributing Editor A new record closing high appears to be in line for C-Cube Microsystems {CUBE}, which is levitating above resistance at $78 this afternoon. CUBE is currently trading up $1 15/16 at $79 5/8 and appeared in the 3:25 p.m. EST ProSearch run of Stocks Moving on Industry Strength. Two weeks ago, the stock penetrated $80, but pulled back later that day amid a glut of overhead supply. Resistance continued to hold at $78 over the next few days and the overbought conditions led to a short-term test of support at $70. CUBE began to gradually move off of this support level on Tuesday and has since continued to trend higher for a four-day gain of 15.3 percent. This move could be signaling a near-term surge for several reasons. Volume levels have been gradually increasing over the past few days, indicating an insurgence of buyers - confirming this is the one-week positive change in the accumulation-distribution ratio of 2.5 percent. The Wilder RSI score is at 69, but trending higher. Such a fluctuation is not uncommon just prior to a large breakout, especially since material spikes in price typically resulted in new overbought conditions appearing. Several of CUBE's past moves have occurred off of tests of supports and, as previously stated, this current upswing is no exception. Finally, the Electronics/Component-Control group, of which CUBE is a member, has been showing strong technical strength with a group ranking that places it within the top 20 percent of all industry groups. {Chart} One year chart of CUBE. CUBE provides digital video compression solutions for applications in the consumer electronics, computer, and communications market. During the nine months ended September 30, 1999, revenues were a cumulative $292.0 million compared to $256.0 million for the same period a year earlier. Cumulative earnings per share were $0.91 compared to $0.88. The September 30, 1999 balance sheet showed cash and cash equivalents totaling $277.4 million and long-term debt of $20.1 million. Shares outstanding total 40.6 million with a float of 38.1 million.