CDNow (CDNW) Message Board

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Technology Stocks : CDNow (CDNW)

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To: peter adeli who wrote (1144)	4/28/1999 6:26:00 PM
From: Rommy B.	Read Replies (1) of 1465

CDNW is trading in a wide range of 13-17. Eventually it will break these limits, either to the upside or the downside, my guess (and it is just that) is the upside. Much depends on earnings. If they are flat, CDNW could visit the single digits. If earnings are very good, we could be in the 20's. Another factor to keep in mind is the new site planned to debut in May. I think today we fell back because the rest of the internet sector had a very bad day. Otherwise, I think we could have challenged the 17 resistance level. Also, MM may want to get rid of weak hands. Best of luck, Rommy

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