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

To: Dale Baker who wrote (461)	12/5/1997 1:01:00 PM
From: Candle stick	Respond to of 904

Now that all the noise and Hoopla is dying down CDRD has definitley lost its luster. Even during strong market rallies CDRD no longer even atempts to move up........That dip below 17 shows the underlying weakness, and as soon as whatever buying here at 17 dries up, CDRD should drop quickly to 14....and then 8-11 area. I see that the short position fell from about 1.5 million to 1 million shares......those are probably the buyers at 17.......Since there will be NO NEWS, NO REVENUES AND NO EARNINGS, for another 2 years, I dont see how anyone could possibly be interested in hanging on at this point. I expect to see a sharp sellof for tax loss purposes at end of DEC. Remember.. just a couple months ago this stock was 25 and they did a secondary at 18 for 2.8 million shares. ALL the buyers in the last half of the year are LOSING money. The great majority will most likely sell the stock for the capital loss before the year is over. After all, most people have big gains to offset this year...........best of luck to all............;^)