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Technology Stocks : Corel Corp.
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To: Mark S. who wrote (8272)12/22/1999 10:44:00 AM
From: Kip518  Read Replies (1) of 9798
 
Mark, IMO at this point you can't play CORL fundamentals. Clearly it was a value play in the 4-6 range but since then it has become a hype (redhot) stock. Unfortunately, unlike most redhots, it has a history of disappointments and residual buildup of resentment of the CEO (for lots of reasons) that drags on it. Today's earnings disappointment is just another example. However, as a stock in redhot play (and that hasn't changed, yet) huge sums of money are being made on both sides...as usual it is the late-to-the-party & naive players who are the losers. Be nimble, quick, and untrusting and you'll make money in CORL.

FWIW, CORL has certainly made my year memorable... longs from 4 1/2 to 38's...short from 42 7/8...covered this morning at the open and long again (12 1/8) for short term (1-2 day) trade. What a roller coaster!
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