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

To: Dale Baker who wrote (412)	11/26/1997 3:43:00 PM
From: Candle stick	Read Replies (3) \| Respond to of 904

Only real buyer the last 2 days has been Merrill Lynch....since they did the secondary, all I can imagine is that they have their sales force working overtime to sell CDRD to clients in order to keep CDRD price above the secondary issue at 18.....would really be bad PR for future sales for ML if the price tanked immediatly after the secondary. I actually was expecting a pop up of about 2 points after the secondary to keep everyone happy, but apparently they were unable to muster that kind of support.......I think December will be a great month for the shorts in CDRD.....happy thanksgiving to all....;^)

To: Dale Baker who wrote (412)	11/26/1997 4:40:00 PM
From: Gregory Cole Brock	Respond to of 904

Dale, From what I can see an 8 month uptrend was broken the other day when it popped below 20. This also confirmed a very bearish pattern called head and shoulder. I believe that the only reason its hanging here in the upper teens is due the support levels. They exist every 2 pts or so. 20-18-16-14. Each level should provide support. I don't see how it can break this obvious downtrend now though unless there is some major new development. I currently have what I think is an easy target at 14. Just my 2 cents. Greg