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Strategies & Market Trends : CD Radio (CDRD) A FLOOD OF STOCK
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To: Michael T. who wrote (13)11/20/1997 10:05:00 AM
From: Candle stick  Read Replies (1) of 20
 
MAJOR TRENDLINE BREAK WILL NOW GENERATE DOWNSIDE MOMENTUM IN CDRD....
yesterday saw a major break at 19 1/2. This trendline had been intact since April of
this year , beginning at 11 dollars....now that the technical support is gone and the
fundamental and financial picture so dismal, I think that downside momentum will build
much faster than the upside move. Look for investors to run to sell to lock up profits
before yearend......currenly trading 18 1/2, 1 point below the trendline.....best of luck,
still looking for 8-11 dollars by yearend.............;^)
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