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Revision History For: CDnow: Internet CD Sales (CDNWD)

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Return to CDnow: Internet CD Sales (CDNWD)

Opens at $22.

This internet CD sales company came out today with an opening price of $22. Was to be priced between $14-$16. Their site looks pretty good cdnow.com but the question is do we buy now or wait for a pullback into the mid teen area before buying. These internet stocks seem to trade on momentum rather than any type of fundamental basis. Without the help of shorts for the first 30 days or so I think we may see a spike for the first couple of days then a falloff similar to N2K. Any comments??

Craig