Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: David Loomis who wrote (8697)	2/16/2000 12:13:00 PM
From: Scott Volmar	Read Replies (1) of 9798

David: Thanks, I subscribe. The weakening in price is strictly volume related, hence the "cup" pattern now forming. Average daily volume in CORL over the past 60 days is 9 million shares. Corel has been averaging less than a third of that over the past week. If the drop was accompanied by increases in volume, I'd bail. As the market re-evaluates the new landscape in operating systems and software, with the INPR combination, CORL has given money managers plenty to think about on two fronts: 1. A Linux development team greatly enhanced. 2. $215 Million in cash to back it up. Although I love TheStreet.com, one still needs to be vigilant and apply one's own analysis of where things are, and where they are going. Example: Jim Cramer. After loving tech stocks in December and predicting a continuation of appreciation, he (honestly and admirably) told his readers of his mistakes in January. Then he decided to bemoan the Nasdaq and head over to the NYSE. It looks to me like he's softening on that position now. The good news about stocks is that the "tide" can change. The good news about "tech stocks" is that the tide can change awfully fast. Further Up, Scott

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