Roger,
You are probably aware of this company, but let me mention it to you, anyway. I am referring to CD Radio (CDRD.) It is currently trading around 21, up from around 3, earlier this year. In my estimation, it belongs much closer to 3 than to 21. CDRD has a thread on SI. Subject 13627 Candle Stick and Dale Baker are among those who post there, regularly.
I was short CDRD, earlier, but covered my position when it became unclear exactly when a highly dilutive convertible was going to hit. (While its timing became uncertain, the fact that massive dilution remains inescapable never came into doubt.) I am now looking for a re-entry point. Your thoughts would be much appreciated, as always.
Thanks,
RB |
