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

To: Ed's Head who wrote (26594)	12/12/1997 2:26:00 PM
From: Daniel Simon	Read Replies (1) \| Respond to of 50808

I could not pass up the opportunity to buy 1000 shares of cube under $18/share. Rarebird asked why cube has been trading down recently. My answer (covering the last week or so) is look around and tell me what technology companies have been trading up? (answer: not many) Despite the fact that CUBE shares have been trending down all week, I think it has been holding up well. Part of the reason it is holding up, is short covering (JMO). Since it is trading near its 52 week low I'm sure longs are taking losses. Too bad for them. The shorts have played this one very well--frankly I wish I was as well informed as they apparently are. The fact that they are covering now (using last months short interest data and projecting forward) just confirms their savy--and that CUBE price now fully discounts asia uncertainties etcetera. Good luck and better profits, Daniel