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

To: AJ Berger who wrote (599)4/19/1998 3:35:00 PM
From: Dale Baker  Respond to of 904
 
I agree CDRD is a risky short right now. However, if most of the shorts have covered, there would have to be some serious $$$ on the long side to fend off a new wave of shorts. Maybe CDRD's backers and/or the hype could do that. I am not going to get squeezed just to find out.

But in general, lots of short covering can spell the end of a meteoric rise, not the beginning. Off to check CDRD's short interest the last few months.



To: AJ Berger who wrote (599)4/19/1998 3:49:00 PM
From: Dale Baker  Read Replies (1) | Respond to of 904
 
Since December, short interest is up from 1.15 million to 1.26 million. Shorts haven't given up here, or a new set has replaced the old. CDRD needs a manufacturing alliance to take off. Otherwise it will be toast eventually, IMHO.

How would CDRD hold up in a major market crash right now?


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