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Technology Stocks : CDRD (CD Radio)
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To: Allan F who wrote (319)11/14/1997 8:30:00 AM
From: Dale Baker  Read Replies (1) of 904
 
Poor choice of words on my part. You are right, nothing here is guaranteed. Holding this position underwater for several months may have skewed my objectivity. Someone commented earlier that the secondary, which is estimated to price around $21, would probably discourage CDRD from moving beyond that point in the near future, presumably since that's all management thinks it is worth.

Personally, I think it won't go over $21 because the company is pretty much worthless apart from a license and a lot of debt. Just one opinion.

BTW, I understand your waiting until Monday to dive in. You may miss a few points if we are right but you could dodge a bullet if we are wrong. I'm still hoping for the best...the worst, that is, for CDRD.
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