Corel Corp. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corel Corp.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mappingworld who wrote (8180)	12/16/1999 10:43:00 PM
From: Master (Hijacked)	of 9798

Thank you for the article Olga. It gives us a better insight in understanding the motives behind Stewart's downgrade. Human nature being the way it is, opinions and decisions are not always based on logic. Ego quite often clouds our thoughts and leads to decisions which are totally illogical and unfounded. Duncan Stewart is a case in point. Based on the SmartMoney article of January 1999, Stewart calls Corel "the pick I'm proudest of". He bought Corel at $3.51 and had a target price of $7.50. Stewart continues, "I don't think Corel's going to $25. Can it go to $12? Maybe. Am I going to hold, waiting for it to go to $12. No." Stewart more than doubled his investment. In his analysis of Corel, he determined his selling price at $7.50. Since then however the stock has risen to over $64 CDN. Rather than conceding that he may have made an error in judgement by selling his shares prematurely, which would have damaged his ego, Stewart lashes out against the stock by downgrading the company. This is a fine example of judgement clouded by one's Ego. I'm not a proponent of "killing the messenger"....I just question his motives. Master

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next