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Technology Stocks : Corel Corp.
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To: A. Reader who wrote (9079)5/17/2000 11:05:00 AM
From: Alomex  Read Replies (1) of 9798
 
But Swift said Corel's gains are the result of arbitrageurs who hoped to profit from the merger by selling Corel "short," meaning they sell borrowed stock in the hope of buying it back at a cheaper price. With the collapse of the deal, they were buying to cover their short positions.

You read it here first folks!
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