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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.140-17.5%Dec 5 9:30 AM EST

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To: Carmine Cammarosano who wrote (198)4/16/1998 7:12:00 PM
From: Dave Kosmayer  Read Replies (1) of 3627
 
Today was a record trading day. The previous record was 103 mil. it was an oil company in the mid 80's with a 8% dividend yield that people use to take advantage of.

Anyways I like the action on CD for the near future, today 19 would not be broken and in the end closed slighly above it. I got in today at 19 and feel that this company is in the shitter now but in the next six months it will be all forgotten. Just like others such as that airline that did the same. Strong company with strong business's will come through.

If your not out yet don't get out, but after 110 million in volume I think the people that want in are in and the others will comw back in when this gets setled.

onward back over 20

dave.
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