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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (867)	1/17/1998 5:45:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

CDRD follow-up: Yahoo thread has the usual "great idea, all my friends would buy it, $30 this year is a conservative estimate, etc." Chart is interesting. Take out the dive to 12 and you will see that CDRD is back in its "normal" channel for the last three months. Connect the dots and you can guess that a breakout over 16 would violate the channel, and the next likely low is around 10. Check it out and make your own decision. I would trade it per the above myself.