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Technology Stocks : CDDD -- Ignore unavailable to you. Want to Upgrade?

To: Doug Axford who wrote (257)	11/29/1999 3:34:00 PM
From: lindend	Respond to of 924

The bigger issue is will shares be available when it collapses...I think not. Witness ADSP.

To: Doug Axford who wrote (257)	11/29/1999 4:17:00 PM
From: Q.	Respond to of 924

re. <<I wouldn't short this until it hits $100>> It could hit any price before it collapses, (and I am sure it eventually will collapse). With 13.5 M shares out, $100 would give a market cap of $1.35 B. That happens to BB stocks very rarely. One of only a few examples: HITT reached a market cap of $1.1 B last spring, before tumbling 93% to its present level of $80 M. As it stands now, with a stock price of 38, CDDD's market cap is $513 M. As we look at a price spike, like we have now, my thoughts are that it doesn't really matter. Any price you short at, you will get an outstanding return if you just wait a few months. It makes no great difference to me if I make 80% or 90% on a short position; the only difference is the temporary paper loss you look at while you wait for it to peak and then fall.