A look at price:
52-week low of 2.46 was last Friday and came because an analyst misinterpreted a financial move. So, a $5 stock dropped by 50%. The company set the record straight and then announced partnering with the AOL subsidiary largely responsible for developing the DVD. The market has responded by moving up to 3.79 as of the close on Tuesday.
Think about it: less risk than when at five bucks but still less than four.... Must have sounded good to somebody because the last afterhours trade was for 70,000 shares at 3.80. Bodes well for the morning, doesn't it?
For traders, it's a question of how many days to get to the 6 or 8 dollar level (whatever you think fairly represents last week's 5 dollars plus a certain amount for risk reduction represented by AOL.
For longterm investors, investing in CDDD in mid-2001 could let you skip the status of "noveau riche" and -- without even passing "GO" or taking an extra roll of the dice -- arrive directly at "wealth philanthropist."
Just how I see things,
Caradoc
