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Technology Stocks : C-CUBE - For Technical and Option Investors -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (76)	12/20/1997 8:46:00 AM
From: HOSEMAN	Read Replies (1) \| Respond to of 128

Rarebird This strategy has nothing to do with the company and its products or the number of "shorts" in the stock. just a technical chart pattern that indcates to me that the stock must work its way forward and doesn't have a history (of late) of moving smartly forward. The last time we were at this spot, CUBE left a gap at 22 1/2. It was filled. I see 22 1/2 being the first true upward resistence area. When it came down it hesitated and spent a few day trying to make the 22 1/2 area a support area only to fail. Like you indicate, we could see 22 1/2 then a fall back as the market heads toward a retest of lows. HOSEMAN