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Technology Stocks : CDNow (CDNW) -- Ignore unavailable to you. Want to Upgrade?


To: Wazzu73 who wrote (498)12/28/1998 10:03:00 AM
From: Mr. Miller  Read Replies (1) | Respond to of 1465
 
It does, but my opinion:

The news does not directly address CDNW. This move today looks to be technically out of whack. It opened higher and has stayed there because the overall market opened higher. Unfortunately, I believe this to be the reason for rise today. If the market stays up, then we should keep a minor gain for the day, but if it retreats, then we may move toward that moving average some today. Technicals suggest we are trending toward the moving average over the next two days, barring news. We can run after we consolidate some more here. Not a real strong day on Wallstreet.

Technical correction, that's all. CDNW still strong.

Miller