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Technology Stocks : Micrografx(MGXI)

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To: James F. Hopkins who wrote (537)3/18/1998 2:08:00 PM
From: Mark Oliver  Read Replies (1) of 543
 
I checked it and it looks like the action was sell. After the 300 contract sell(?) there was another 500 contract (?). Now, this is getting interesting. No other strikes are being traded. These are not all closes of positions as there isn't this much open interest.

If someone were selling uncovered calls, this would be very interesting. Either way, it appears some one thinks the stock is not going anywhere for the short term.

Does a reference to CTX mean anything to you?

Do you follow this company based on their products? I've just started looking into it because my father asked me to see if he should be selling. I'm not versed on the market for graphics, but I feel Micrografx is not especially a powerhouse.

Do you see their patent infringement suit against Corel having any teeth?

Regards,

Mark
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