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Technology Stocks : CDRD (CD Radio)

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To: BARRY ALLEN who wrote (369)	11/21/1997 9:13:00 AM
From: Candle stick	Read Replies (4) of 904

>>>or this would tank in a straight line downward. I think it will. To answer the other question about yesterdays volume, almost ALL of it was on the sell side and below the broken trendline. The push up was at the end of the day and was solely to get to price higher by the MM so that CDRD could PRICE the new offerings at a higher price, IMHO....now that it is out of the way(the pricing) the stock will tank..already preopening it is 18 3/4 down 1 point from the close yesterday ay 19 3/4.... As for owning this stock at 20 dollars , we are not talking drug stocks which are ESSENTIAL to survival but rather an entertainment concept which may or may not work......you own a pipedream with no real present value. There is absolutely no reason to pay a premium for this company of NO REVENUE, NO EARNINGS and NONE projected for 2-3 years..........come back in a couple years and see how many delays there have been and see how much dilution has occured...in the meantime try buying something else that actually produces something....you will make some cash that way. Try MSON. Best of luck.....;^)

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