Tyler, what can we say... someone is a believer and some one else is not; to the tune of 100,000 shares. My opinion, from watching the trading pattern for several months, is that somebody is up to something. Why do I say this?? Easy. This stock is being killed by an amount in excess of other new tech stocks generally. Perhaps it is from all of the people who got in on the IPO hype and who are now heading for the exits. Such an effect could go on for a while. Second, the last trade in this stock, EVERYDAY IT SEEMS, is always a downtick from the rest of the day's trading. Windowdressing and not a big thing-maybe-not a big thing, but curious; at least to a simple mind like mine.
I am hoping, and that's all it is, that someone out there says, "Hey Bill, what's the deal with this Open Text; Waterloo, where's that; let's buy it and find out". But seriously, I think you can express displeasure with the option repricing; the bizarre pattern of press releases (as noted in an earlier post) and the sentiment generally that the market is not getting the message with these guys. Some people say it trades in tandem with a search engine like Yahoo; wrong message. Some people say it trades with a company whose main business is not the same as theirs (Filenet); wrong message again. I realize that nmost analysts and brokers cannot spell intranet but the company has got to do a better job at helping these people get the message out. Are there any dog & pony's planned with US institutional investors? Why no Canadian listing for a "Canadian" company? Do they realize that because they have not filed a simple form with Revenue Canada that their stock needlessly is considered a "non-qualified" investment for RRSP accounts, thereby severly limiting Canadian "pension" ownership by individuals? Sorry for the long message, but I have a resaonable amount tied up in these guys and they are working out about as well as my current diet. |
