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Technology Stocks : CDRD (CD Radio)
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To: Candle stick who wrote (497)12/17/1997 4:35:00 PM
From: Ploni   of 904
 
I had covered at 17 1/8, and am thinking of re-entering a short position. However, the technical signals look bullish for now, and I think it might break 18. Thus, I'm going to wait and see what develops, and maybe I'll get lucky and be able to re-enter at a higher level.

I'm not really good at trying to guess tops and bottoms. My huge mistake this week was selling my AVNT Jan 20 puts first thing Monday, for 3. AVNT immediately plunged, and those puts are now probably worth about twice that. Ouch!

But so far, CDRD has been good to me, and I agree that 14 looks good for a short-term target.
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