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

To: BillyG who wrote (27232)	12/30/1997 2:39:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 50808

After Breaking Down Today Cube should NOT BE BOUGHT at these levels. Trying to catch a falling knife is not wise for a prospective investor in Cube. If you remember, Billy, last May, once Cube hit new lows it only found support at much lower levels, about 20%-25% lower. Cubes chart looks awful here. Along with a very possible Chinese Banking Crisis ( Cube, you must admit, does almost half its business in China) and further pricing pressures down the road, it's prudent to remain on the sidelines in relation to C-Cube Microsystems. This is a stock, in my humble opinion, which should be avoided at present. All arrows point down, with a price target of $8-10 a share in the first half of 98. If one is a nimble short term trader who wants to catch a point here or there, then be careful and place firm stops. The RISK far outweighs the reward over the Intermediate Term.