Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BARRY ALLEN who wrote (515)	12/21/1997 2:13:00 PM
From: Dale Baker	Respond to of 904

After following this stock several months, I have learned not to try to outguess it. A similar episode occurred with VTCH. Barron's or IBD did a story questioning their management after a big runup; the stock opened down a couple of points, later recovered up 20% over where it was originally and is now back to the post-trashing story level. All that took a couple of months. I'm keeping my short with a stop in place that guarantees me a profit. I will hold CDRD until they make a real OEM manufacturer announcement for their receivers or they hit single digits, whichever comes first. BTW, cable and satellite TV systems are proven ventures (I love watching my parents 500-channel system when I am home on leave). CDRD is a story stock. Its stock price is only as good as the latest story. Whatever you decide to do, keep your stops in place. Worst case for longs, CDRD opens down 2 or 3 points Monday. But it seems to have nine lives and still has 4 or 5 left. Good luck.