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Technology Stocks : Corel Corp.

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To: Scott Volmar who wrote (7855)	11/29/1999 3:48:00 PM
From: David E. Taylor	Read Replies (1) of 9798

Scott: Your "take" is probably correct (as it has been in the past), but CORL is now too volatile for the "buy and hold" part of my tech stock holdings. At 3:30 EST, CORL has traded 55 million shares on about 110,000 trades, by the end of the day it'll have probably traded close to the total float of 69 million shares! That's typical of an internet stock that the online trading hordes like to exchange between themselves in small blocks. I got in early August at $4(US) after our earlier exchange in July, chickened out with the earnings on 9/21 at about 8 to easily clear my 1997 losses (and then some). Then bought a bundle in mid Oct between $5 and $6, got some more at around $8 on 11/8 after the MSFT fact decision, and unloaded the entire holding today for around $24 average. Now just have to figure the darned taxes, but still plenty of profits for a quiet (heh heh heh heh)!! Think I'll wait for the internet trader mania for the stock to subside, then cautiously buy back in again with the trading part of my account. Good luck to you and the other "buy and hold" diehards on the thread -- I've been wondering how many of you had the courage to buy more COSFF when it collapsed to near $1 US last year? David T.

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