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Technology Stocks : Corel Corp.
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To: A. Hayer who wrote (798)6/25/1997 8:40:00 PM
From: Alomex   of 9798
 
Who's mowing the lawn with this one?

Have a look at the chart. From February to April there are three over-a-week-long flat intraday trading highs, which suggests that somebody was computer-selling COSFF.

Then in March suddenly the trend reverses and flat bottoms appear. The following periods have the same intraday trading low:

Mar 13-21
Apr 7-10
May 23-30
June 11-17
June 18-23

This could be the result of Corel buying those 0.66M shares in Q2 and some more in Q3.

I'm not a TA, but none of the other stocks I follow have shown this large intraday low "flat" periods.
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