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Technology Stocks : CDNow (CDNW)
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To: Jeff Sutton who wrote (1231)5/7/1999 12:45:00 PM
From: Ken   of 1465
 
This is typical. The stock pushed from 14 to 21+ very quickly as the shorts were squeezed. Now we have short, medium, and LT holders selling, figuring they "made back" some of their loss. It will probably drift around the $17 level for a few more days before popping up. I, for one, am glad the weak hands are selling. It leaves a new, stronger base at this level.

I would like to see more institutional buying, but of course we won't find out about it until long after the fact.

I don't know about a buyout. I think more strategic partnerships and/or partial investment is more realistic. CDNW does have 2 million paying customers, which any business would like to have.
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