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Technology Stocks : CDRD (CD Radio)

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To: Allan F who wrote (354)	11/20/1997 10:03:00 AM
From: Candle stick	Read Replies (1) of 904

MAJOR TRENDLINE BREAK WILL NOW GENERATE DOWNSIDE MOMENTUM IN CDRD.... yesterday saw a major break at 19 1/2. This trendline had been intact since April of this year , beginning at 11 dollars....now that the technical support is gone and the fundamental and financial picture so dismal, I think that downside momentum will build much faster than the upside move. Look for investors to run to sell to lock up profits before yearend......currenly trading 18 1/2, 1 point below the trendline.....best of luck, still looking for 8-11 dollars by yearend.............;^)

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