CDRD (CD Radio) Message Board

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Technology Stocks : CDRD (CD Radio)

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To: Russian Bear who wrote (251)	10/15/1997 12:42:00 AM
From: Ken	of 904

Buying the license just means that CDRD has spent its only horde of cash and now will have a lot less interest income to show on its income statement which just adds negatively to earnings, equity, and just about everything financial for this piece of crap company except for a surreal rise in its stock price. I challenge any of you to prove to me that this company is worth more than the paper issued for its stock certificates. This stock will fall and will fall hard because history shows time and time again that valuation and earnings DO MATTER in the end. The question is when is the end and when does the momemtum leave the stock?? I've got to believe that each day this stock goes up; the nearer is the day that this stock craters. I just have some simple advice for the speculators (not investors because this stock is not about investing!!)...if you are long, stay long then sellout; if you are short, stay short. Do not play the game of riding both directions; you will get burned because you cannot rationalize which way this stock will go; you will be merely outguessing yourself and you will lose money. Good luck to all.

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