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Technology Stocks : CDRD (CD Radio)

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To: BARRY ALLEN who wrote (366)	11/21/1997 12:17:00 AM
From: Allan F	of 904

BARRY and CS, You both seem to know a thing or two about TA. I happen to know very little so I have a question perhaps one or both of you could answer. It has already been said CDRD recovered in the last 1/2 hour or so. Of the nearly 1 million shares in volume, how much was actually traded above the restistance point. Is that important? Seems like it should be. Also my two cents is we are seeing not short covering; rather determined propping by an institution(s). It doesn't sound like many shorts are in much north of $20, I don't think they would be happy with a break even or $1-2 profit. I also don't think day-traders would touch this one as shares are too hard to borrow and the trading is too thin. BARRY, I look forward to your reasons for being long -Allan

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