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Technology Stocks : CDRD (CD Radio)

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To: Jim Miller who wrote (266)10/28/1997 11:18:00 AM
From: Candle stick  Read Replies (2) of 904
 
Jim and Dale: Merrill Lynch, Smith Barney and Lehman Bros. are all selling CDRD today...they were the main buyers on the way up. I think the great retail hype machine is finshed and they are now dumping their own inventory of CDRD.....

Usually the retail houses accumulate a chunk of stock cheap, then move it up as they hype it to thier customers....then when they cant sell it easy anymore they just dump the remaining inventory for thier own profit. Since the retail houses were the only thing supporting the stock, I expect it fall dramatically going into November....best of luck to all......;^)
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