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

To: Pancho Villa who wrote (8749)	12/22/1997 2:21:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 9285

I'm surprised you couldn't find any CDRD shares to short. Short interest went down last month and everyone focused on the quote in Barron's where Robertson Stephens said this stock is a dead lock to hit $300 in 2004. Don't miss out on the next MSFT! Except the technology may not work if the vehicle you're in is driving over 30mph. We all know that truckers never exceed the speed limit. Yeah, right....LOL.

To: Pancho Villa who wrote (8749)	12/22/1997 5:37:00 PM
From: scope	Read Replies (1) \| Respond to of 9285

Pancho: I was offering all day $2.00 for 10 May 20 puts but they didn't take it. Finally I dropped it below 2 in order to bring the ask price down.Did you know that put prices are computer generated and adjusted the minute your order goes in? Since put price is not going down, maybe they think that 21 is good enough for them. I still believe nobody will really sell until next month.

To: Pancho Villa who wrote (8749)	12/23/1997 9:01:00 AM
From: Bob Trocchi	Read Replies (1) \| Respond to of 9285

Pancho... have a great vacation. Snowing like H*** here in the Boston area today about 3-4 inches so far. >> tried to get ZONA and CDRD [for shorting] but could not find any shares. << Shorted ZONA (and AVNT) on Monday. Noticed your comment on CDRD and found some interesting coments that you may wish to follow up on. >>Monday, December 22, 1997 Siren Song New venture rides high on the promise of commercial-free radio <Picture: thin rule> By Andrew Bary Did you ever wish you had put money into the cable-TV industry 20 years ago? Well, apparently a lot of investors do, and now they're trying to get in on a similar development in the nation's radio system, one that could allow listeners to get 50 channels of commerical-free music, news and entertainment for an upfront fee of about $200 and a monthly charge of $10 or so. The company behind this ambitious plan is CD Radio, a Washington-based outfit whose shares trade on Nasdaq.<< Another comment from same article. >>08:38 ET CD Radio Inc. (CDRD) 16 11/16: In a Barron's piece BA Robertson Stephens CIO Paul Stephens said he expects shares of this satellite-radio company to reach $300 a share by 2004.<< interactive.wsj.com Another comment on CDRD from Merrill Lynch >>CD RADIO (CDRD) 17 1/8 +7/16. It was not too long ago that the bullish write-up in Barron's on an obscure concept stock would have catapulted the bid several points higher in pre-market and sent the shares rallying 20%-25% at the open. This type of zealousness, however, has gone the way of the disk-drive stock. Not even the forecast of a $300 per share price was enough to put these shares into orbit. Now that we're done crying about the reduced role of buy-the-hype speculators in today's jittery market, let's get down to business. Shares of this satellite-radio company received a relatively bullish write-up in the latest Barron's. CD Radio plans to offer 50-channels of commercial-free music and news beamed into the car or home via satellite for an initial fee of $200 and $10 a month subscription fee. Although the company currently has only nine employees a no revenues, Merrill Lynch (an underwriter of CDRD stock and bond offerings) projects earnings of $7 a share in 2003 and $20 a share by 2007. Strong points cited in the article: new concept, strong cash position; high-profile investors; model a proven success in cable television industry. Shortcomings: will likely face competition from American Mobile satellite within a yr of launching; independent testing suggests that quality could be poor in densely populated areas and in cars moving at more than 30 MPH; company has yet to launch a satellite; history tells us that these types of companies never quite meet expectations and must constantly come back to the market to raise capital.<< briefing.com When they start talking about stock prices raising to $300, and earnings forecasts out to the years of 2007, IMO they are crazy!!! Who the heck knows anythig about the year 2007 from an investment standpoint. CDRD must be a good candidate to short but with this hype it is sure to up for awhile. Bob T. have a Merry Christmas and Wonderful New Year. Bob T.