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Technology Stocks : Corel--$100 in 1998

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To: Peter Mills who wrote (2272)4/23/1997 7:20:00 PM
From: James Fraser   of 2329
 
Peter,

I couldn't agree more with Mahar's comment that this thread has become a cult. I bailed out at $7.50 and I'll tell you why. Cowpland has lied to me for the last time. He shoots off his mouth and ends up backpeddling for every quarter's earnings and for smartass comments about the competition (David and Goliath! What an idiot!). When I entered the foray at $13.25 I was pretty naive and supportive of Mr Cowpland but he continues to disappoint and I don't think the bleeding has stopped yet. The kicker is his announcement that he wants to use American accounting principles. I know and the street knows he wants to do this to cook the books for another quarter like that totally bogus 1 cent profit in the first quarter that everyone saw through.

On the bright side, if history has any relevance, you should all be buying now that I have decided to get out. Corel may hit $100 tomorrow!

Later, .... maybe

Jamie
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