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

To: Mr. Miller who wrote (504)	12/28/1998 4:09:00 PM
From: Mr. Miller	Respond to of 1465

Well, we hit $21s. Tested that aforementioned low range for a moment. The hype should begin tonight on e-commerce winners, but the tremendous gains from AOL, YHOO, EGRP, and EBAY, as well as other small chump companies like SKYM and AAGP should cause a dip tomorrow. In this NASDAQ rally, we went down. I suspect that we want to test the 50-day moving average, so we see $21 tomorrow if the hype can't cause excitement tomorrow enough to overcome an overdue pullback. We test low of trading range and see $21 1/4 tomorrow without that excitement. I still see a run to $30 by the end of the week with more news on e-commerce sales. Not much in the way of TWX news, so I think that issue is on the backburner for CDNW. The headline will shift to sales online now. It is the issue we have been looking forward to anyway. The TWX news is just the cherry on top. Miller