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Technology Stocks : CDRD (CD Radio)

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To: Candle stick who wrote (653)	5/20/1998 2:56:00 PM
From: Saul H Rosenthal	Read Replies (1) of 904

Candlestick, I am still not sure on the rational of people who short. You shorted at 21 and made 8 points, covering at 13. That is 38% on your money, and it would be counted as a very successful short. I got interested at 16, but watched it go down and then fortunately went long at about 12. It is now 37 or so so I have over 200% on my money. It seems to me that you have to make a lot of successful shorts (and most are only for 3 or 4 points, not 8), to equal one good long position. I know that everyone has his own style, but I was just wondering. Saul

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