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Strategies & Market Trends : Roger's 1998 Short Picks
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To: tcarnes who wrote (8942)5/19/1998 2:40:00 AM
From: Dale Baker  Read Replies (1) of 18691
 
CDRD - I have watched this stock for a year after shorting for 8 months (June - February ). Be careful here unless you want a long wait.

Why? CDRD doesn't have to prove anything except their fundraising acumen for two years. They have licenses, financing, satellites scheduled to launch, new offices in NY and some programming commitments. So far they have been very adept at dancing with their convertible preferred holders to dodge the death spiral. Lucent will manufacture chips for their receiver gizmo.

Personally, I doubt CDRD's system will work or that it will make money if it does. But you are fighting the tape right now with a stock which just as easily hit 50 by next year as 20. The latest up channel shows no sign of breaking.

Do your own DD and decide. Just tossing in my experience after shorting at 15 and 23 before covering back at 13. (Not even Roger likes CDRD as a short).
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