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Technology Stocks : Micrografx(MGXI)

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To: James S. Martindale who wrote (519)	11/4/1997 3:56:00 PM
From: Jacky AY	Read Replies (1) of 543

1) I'm as happy as you are. 2) My target price is still somewhere around 8-10. And unfortunately we are right there now; I'll be out or cover calling anytime. The reason is that I don't see any earning visibility at present. I'm afraid that institution investors will bail once the earning turns black in the next quarter or so. Remember they always "buy on rumor but sell on news..." The reason that we are trading at 8-10 is because we are close to finish the turnaround. To support the stock price going up further requires solid earning. I'm a little disppointed that MGXI doesn't communicate with the public in earning guidance. There're tons of companies out there which talk to ANALysts periodically to make things clear. MGXI had done this in the past but not anymore since last year's debacle. Besides, the rest of my portfolio dropped some 15% in the past 2 weeks for no specific reason other than falling in sympathy with the market. I might choose to average down on my other holdings... Still riding the wave...

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