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Technology Stocks : CDRD (CD Radio)
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To: Eman03 who wrote (171)8/13/1997 11:50:00 AM
From: Candle stick   of 904
 
I think this CDRD squeeze has topped itself out today...I will watch a couple moe days but I expect that by Friday, the 15th (another possible conversion date for the preferred stock) we will see some good selling. The discount at this point is well over 20% and it is likely that some money will want to get out while the getting is good. If you want a trade try shorting between today and Friday. The top is near at 20 1/4 so you can play it with a tight stop.....but i think the shorts have for the most part been squeezed out at this point , so there is little holding up the price....a few conversions on Friday and CDRD could easily fall back to 15...IMHO,...best of luck...;^)
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