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Technology Stocks : Open Text

OTEX 34.28

-1.5%

3:59 PM EST

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To: Sirius Pointer who wrote (473)	3/27/1997 11:18:00 AM
From: Michael Burry	of 1195

<<So why pick up OTEXF at the current price ?>> Your points are all valid IMO. One reason to pick it up now is that it is actually still forming a long-term bottom. The recent fall from 11 has all been on light volume and has not violated the general rounded bottom OTEXF is forming. At 7 1/2 we have the 200d MA. One option is to buy now, with a short stop if it violates the 200 d MA on significant volume. Odds are that it will not. Mike

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