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Technology Stocks : CDRD (CD Radio)

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To: Candle stick who wrote (247)	10/9/1997 5:22:00 PM
From: Jim Miller	of 904

OK, CS, calm down. I'm short the pig also. But remember, the price of story stocks like this is not based on the fundamentals you speak of pretty well, as much as it is the perception of the event. Shorting story stocks is dangerous. Remember DSPC? Merrill-Lynch's telephone androids flogged this stock over the phone to every live body they could find, right up until the impact, and subsequent price disintegration. Total hot air support. Can they do it again? Of course. But they can't make a habit of it or their credibility will sink lower than it already is. Not good. So---is CDRD important enough for them to spend a bit of their remaining credit with the customer to prop it up for a few more months? If they are handling this, probably. That means wev'e gotta rely on the account holder's crap detector to see through the hype. Not good either. I am not a happy shorter tonight. Jim

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