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Technology Stocks : CDRD (CD Radio) -- Ignore unavailable to you. Want to Upgrade?

To: Allan F who wrote (281)	11/5/1997 6:17:00 PM
From: Gregory Cole Brock	Read Replies (1) \| Respond to of 904

Allan and others, I have been watching CDRD for a few weeks now, kind of like a vulture waiting for an animal to die. I have not gone short yet but I am begining to see an opportunity here. However the Stochastics is showing an oversold condition still exists. Could of been the reason for the move above 21 today. I don't expect this move to go much farther and would like another TA opinion. MACD is looking good and there seems to be a head and shoulder pattern forming that has not confirmed yet. Fundamentally, I don't think they have a snowballs chance in hell but I have seen some stocks go from a little overvalued to alot overvalued squeezing the hell out of any shorts along the way (ZITL for example). Greg