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Technology Stocks : CDNow (CDNW)
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To: Ken who wrote (1148)4/29/1999 10:22:00 AM
From: American Spirit  Read Replies (1) of 1465
 
Slow road back? Not true either. Might sky-rocket soon. Or not.
We don't know. But we do know that there is the possibility of a major announcement probably with Time Warner. We also know that this is the #2 CD retailer on the web and it's not in business to lose money. I very much doubt anything catastrophic. If anything, costs associated with the merger with N2K could depress earnings but that's a longterm positive for which thick stock has never been rewarded.
Unless there's something I don't know (possible) we're fine with
13 1/2 as a base. Any dips should be buying opportunities. The upside looks much more probable within the next few weeks. Large spurts could happen anytime on news, rumor or whatever.
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