CDRD (CD Radio) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CDRD (CD Radio)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JOE who wrote (41)	4/20/1997 2:04:00 AM
From: david smith	of 904

If I may enter this discussion, please consider that this stock rode up to $13-14 several months ago before they even had a the FCC licence which they got two weeks ago. Before they got that licence the company was a pure speculative play with absolutely no assets apart the financing to bid for the licence. So a lot of people were willing to pay $13-14 with all the risk that they would never get one of the only two FCC licences being auctioned. Well, now they have won the auction and all that risk is out of the stock and the price of the stock is the same !?!?!??? This is all very strange and it is hard to understand what the market is telling us. You folks who are shorting on the basis of pure technical charts should consider that a seminal event has occurred. They got the licence!!! So there should be a whole new chart pattern based on this new reality. Am I missing something?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next