COR: .They do a NR saying best quarter since 1995 ans only lost .14 per fully diluted shares and you would think they would want to see how the market reacted.....
Osprey, I am assuming this is a typo. Corel posted 14 cents per share profit, not a loss.
Hopefully things will change, and the price will go up. Market is definitely pessimistic, but it may have to do with the actual financial numbers that were presented. A review and comparison of the financials shows what I am talking about. R&D is halved, freeing up around 9 or so million from expenses. Oddly enough, Corel posted just over 9 million in profit for the quarter. Sure it's great that R&D expenditures are down, but streamlining of the company is still not showing yet. Market doesn't know what to do yet. This does not eliminate this stock as a short term trade, as when MOMO is present, Corel is a great trade. I believe the market is absorbing the new information. I also believe that this week, we will see a good 3 day run up of the stock (I hope so anyway)
I currently own Corel at $5.70 and have held even when it went down to just over $3. Hope Corel changes for the better. Being a long/short/day term holder of the shares at various times, I am mostly pessimistic and somewhat optimistic. You should have seen me when I was mostly pessimistic-lots of cursing, swearing, crying myself to sleep at night........*LOL* <GGGG>
Of course, this is just an opinion.
Regards, Wisam |
