SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CDNow (CDNW) -- Ignore unavailable to you. Want to Upgrade?


To: Fernando Saldanha who wrote (395)12/16/1998 3:39:00 PM
From: Sans Souci  Respond to of 1465
 
"A rising tide lifts all ships." -- CDNW appears to be tied up at the dock, but the bloody rope is too short! Once this sucker is cut loose, WATCH OUT ABOVE as we rush up to the surface. You may be surprised at how quickly we can double from here.

My guess is that out of the blue, someone will put out a buy recommendation with a way-out-there target price. Could happen at any time -- days or months. Also, wait for the merger to be settled out.

When and if AMZN hits $400/sh, CDNW will *definitely* not be at current levels.

S/S



To: Fernando Saldanha who wrote (395)12/16/1998 8:18:00 PM
From: Mr. Miller  Read Replies (1) | Respond to of 1465
 
Someone needs to up the target price for CDNW. What possessed Oppenheimer to risk their credibility and place a ridiculous target of $400 for AMZN is beyond me, but if AMZN has a target of $20+ billion in market cap with their revenues, we should be a $500 company right now too with our dominance in the online music sales arena. That price gives us a "measly" $8.5 billion in market cap.

Amazing disparities in this sector. I can only think that CDNW is going to do unbelievable sales this quarter(like $40 or $50 million) which will be the catalyst to rocket the stock to very high levels.

Miller