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Technology Stocks : CDNow (CDNW)

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To: jjs_ynot who wrote (488)12/26/1998 11:19:00 AM
From: Mr. Miller  Read Replies (2) of 1465
 
dave s:

I agree.

The moving average I had used was the 30-day. Probably not the best. I think the 50-day is best since it really takes into account what-have-you-done-for-me-lately. Going above the 50-day would include the slide this summer/fall of the overall market. Maybe not the best thinking, but I will stick to the 50-day until the 200-day is away from the slide.

The 30-day has a moving average at the level I mentioned, but the 50-day has the average closer to yours. Perhaps we could say about $17-$18 is the absolute base, huh? A compromise? The environment should prevent us from testing that base.

The day on Thursday was a nice check, and maybe needed, but the ascent will continue. Clearly, the TWX news moved us greatly($15 to $27), so it did have an impact, just not to unrealistic levels of say $100 like many over on the yahoo thread want to see.

Don't get me wrong. I would love to see that spike to $100. If it does happen, I would unload all my shares since it would not be there long.

Miller
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