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Technology Stocks : Micrografx(MGXI)
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To: Don Kollmar who wrote (504)8/20/1997 9:12:00 PM
From: James S. Martindale   of 543
 
On the positive side, Don, I kept 1/2 of my MGXI
position today. On the negative side ( although it
is never negative to make money!) I sold half of my
MGXI position today. It was a hard thing for me to
do, but I have really been questioning this rise in
stock price considering the bad earning announcement
last week. I sold all the MGXI I bought in March
for 4 5/16 -- which is pretty close to a double --
and kept what I have bought at 5 1/8 and 6.
Don't misunderstand me...I still feel that there is
great potential here. Also, a buyout, which I still
feel is more of a possibility than not, could be in
the 12-14 range. But all things considered, my best
instinct told me it was time to cash in some of
the chips. Anyone else sell today?
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