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Strategies & Market Trends : CD Radio (CDRD) A FLOOD OF STOCK

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To: Michael T. who wrote (7)10/14/1997 3:51:00 PM
From: Candle stick   of 20
 
Funny you should ask today....I have no clue, other than its a continued short squeeze. I know of no press or writeups on the company, and I know that major dilution is coming in November......I cut my position this morning. It seems to be some sort of MM organized squeeze going on. I feel it will come down 3 times as fast as it is going up, but we may have to wait until mid-November. I will look to resell then. I am EXRTREMELY bearish on CDRD for the future, but I cant deny the fact that the stock runs up everyday on wide spreads and little volume...best for me to be out and pound it when the tide turns........

If you hear or read anything I would greatly appreciate a post, as I would hate to miss out on the money that will eventually be made when this bubble bursts. Best of luck.........;^)
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