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Technology Stocks : CDRD (CD Radio)
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To: Peter Smith who wrote (83)5/12/1997 8:04:00 PM
From: Tom Hua   of 904
 
Peter, I first shorted at 12 1/2, covered a couple of weeks ago for a 1 pt. loss because my margin needed some breathing room. Today I shorted it again at 18 1/8. It's hard to predict when CDRD will crash since the company doesn't have to worry about quarterly earnings for another 2 1/2 years. I truly believe CDRD will drop big time, just don't have a feel when that's gonna happen. Patience is needed here.

Regards,

Tom
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