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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (7094)	11/16/1997 9:36:00 PM
From: Pancho Villa	Read Replies (2) \| Respond to of 9285

DD, RE: CDRD, just read the most recent 10Q. Still believe this turkey is shortable above $20. Don't care how many "smart"(?) millionares are behind it, or whether it is a tax scheme. IMO, this business is worth about $0. They have not even started spending money and they have already spent about 100 million. Total investement will be in the order of one billion, excluding the price of the equipment that goes in the car. Are they gonna give me all the junk that goes in the car for the same $10 bucks per month? You see, what may be happening here is that some clever guy came out with the idea in 1990. Then, we did not have good quality car CD players, and then the idea just kept rolling.... Unbeliavable, this company cannot be real! Pancho