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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Roger B Finlen who wrote (1519)	8/12/1998 12:45:00 PM
From: Roger A.	Respond to of 3627

Price is a function of supply and demand. There may be many folks who own the stock and feel its very undervalued at these prices, but there are also many more who feel its too risky to invest until they can see the "light at the end of the tunnel." I believe that after the financials are on the table tomorrow we'll get a different perspective on the situation and either recover the price to a large extent (upper teens) or maybe even drop a couple more dollars. The perception is still pretty bad on the street. It's not that there are many sellers at this price, it's that there aren't enough buyers, especially in a down market.