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Technology Stocks : Open Text
OTEX 38.28+0.4%12:03 PM EDT

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To: uel_Dave who wrote (1162)11/1/1999 8:13:00 PM
From: Michael Watkins  Read Replies (2) of 1195
 
David,

I have not given serious thought to purchasing OTEX as an investment. I have traded it long and short but frankly I have been suspect of their growth model for some time.

It appears that my suspicions have had some grounding.

I recall DOCS sitting on a bunch of cash, with a stock price going nowhere, because, presumably, money managers were voting with their feet (or pinkies) in displeasure that the money was not being put to good use.

Perhaps OTEX has some tricks left up its sleeve but it seems "show-me" is the name of the game. I like show-me - it lends itself well to trading.

On the sidelines I am.

(Don't let my comments dissuade you, I am admitedly not a bottom fisher. While I like Cod very much, prefer salmon, tuna and swordfish, I don't like bi-valve molluscs)
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