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Non-Tech : CDWI CD Warehouse -- Ignore unavailable to you. Want to Upgrade?

To: Robert Skinner who wrote (112)	9/24/1998 3:57:00 PM
From: Ron Kline	Read Replies (1) \| Respond to of 550

What is interesting about CDWI is nothing has changed in their business fundamentals and their target date to come out on the internet. They are much better positioned than a company like CDNW in that they make a good profit on their retail stores. Their e-commerce Idea is not necessarily going against AMZN and the others in that they will focus on used CD's which is a very strong part of the CD market. When you read the Yahoo board there was a post on an interview with the CEO, and when you read it you get the sense that the management is pretty conservative to make sure everything will run smoothly. I kind of like the idea that if a store is near an e-commerce purchaser, that store will get the royalty on that purchase. That means that it will support the local stores. I'll will admit with my other posts that I was dead wrong how low CDWI would go, but I didn't realize that small cap stocks were going to be put through the meat grinder. I'm obviously glad I did sell earlier on. But when insiders of the company have sold no shares and only bought at the beginning of the year (highest price about $4) I do see a compelling purchase at 7 1/2 or thereabout. I believe if I hold and wait for a better time in the market that I will be rewarded. I can't believe that when they roll it out in December before Christmas that it will not cause some sort of excitement. I will take the gamble but will refrain from projections since it seems to me impossible to predict the action of a small company like CDWI. But I do know the market goes through ups and downs and it's amazing how a bad few months can turn into good times very quickly as we saw in yesterday's market. Good luck to all, Ron