CDCO - CidCo Incorporated Message Board

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Technology Stocks : CDCO - CidCo Incorporated

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To: Jim Mac who wrote (77)	9/2/1997 11:40:00 AM
From: Candle stick	of 204

CDCO, doesnt seem to be trading very healthy this morning. With the market up 175 points, this stock is down 3/8. I think it over extended itself last week and is going to get sold off a bit, as the market locks up its profits. That run up to 23 1/2 from 13 seems to have been rather large given the average growth rate of this company. Adding in this news of competing products, and the CEO's own words on CNBC that none of their products are proprietary, and the stock looks ready to give back some of last weeks gains, IMHO. The chart looks very overextended, and I am looking for a minimum pullback of 18 dollars. Best of luck....;^)

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