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

To: CPAMarty who wrote (27299)	12/31/1997 1:21:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 50808

Future Verification that Cube is Headed Much Lower: The Ice Cube has gone from $35 to $16 in about 3 months. The path down to the $8-$10 level fulfills the destiny of Cubes 3 year chart. There is room for counter-trend rallies on the way down; and they reveal the type of vicious Bear Market Cube is engrossed in. If Cube should rally here, the $22.5 level is critical resistance and should place a lid on the counter-trend advance. A $6.5 rally or a .33 retracement of the decline, sets the stage for an affirmation of the downtrend and last leg down. Interestingly enough, Cube's counter-trend rally over the summer was also a .33 retracement ( 18 points ) from it's 54 point fall from $71. Cube is a technicians dream; she always manages to fill all her gaps on the upside and downside! It's way to early to tell if this is the beginning of a bear market rally for Cube. If the $18 level is taken out shortly, Cube may very well be on its way. Be careful, if your in for a trade. Typically, these are Bear Market Traps and the professionals are well aware of it and are quite nimble. As for me, I can only hope that Cube makes it to $22.5 so I can short the hoot out of it and most likely come out a big winner again! As a shortseller, I have to be quite disciplined, technically speaking, before I initiate a position. Those counter-trend rallies can torture you. Their so sharp, strong and quick as lightning. Plus, I don't like getting a margin call ( Yes, it happens to all us shortsellers ). I do go long at times; but my record as a short seller is much much better. There are alot of better "long players" than me; but very few who are better on the short side. I wish you all a Happy Second Half of the New Year with Cube.