CDWI CD Warehouse Message Board

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Non-Tech : CDWI CD Warehouse

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To: Art who wrote (91)	8/11/1998 11:54:00 AM
From: Ron Kline	Read Replies (1) of 550

Looks like CDWI broke old support at $15 today. I do not see this as relating to fundamentals of the company but due to market conditions. I am watching some of the bigger companies like DELL and MSFT to see if they break their old supports. So far they are holding. If they do break support then it looks like the market will have a hard road ahead. If you are looking to accumulate CDWI it will be a good buying opportunity coming up. It got as low as $11.50 which is unbelievable. Someone who bought at that price got a good trading opportunity. Remember 90% of making money in the stock market is due to market direction. Even the good go down in a bear market or declining market. And small caps are especially prone unfortunately. I did sell my position some days ago because I figured this was going to happen. But I will plan to buy the stock back when I see a reversal in the market. Ron

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