Hi Dale, I covered my CDRD short on that recent drop to 13. Since then they have been able to produce some press releases and Global star has launched some satellites, and that has worked in the favor of CDRD. I still don't like the company, but I don't see how it can really collapse below 10-12 dollars in this kind of a market.
In this market it is better not to have any earnings, and to have lots of promises and speculation instead. Most likely, not until CDRD has a black and white in print failure, or a large delay in time frame to launch will the stock take a big hit.......as for earnings, well, none are expected so no matter how bad the losses or how speculative the venture, no one seems to care. Its the new paradigm, remember?..........good luck to you, if you have the time and patience you should be well rewarded short CDRD, but you could be looking at another seesaw year first........;^) |
