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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream

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To: Shege Dambanza who wrote (268)9/25/1997 1:10:00 AM
From: Risberg   of 846
 
I'm in love ....

with this stock. But not sure I accept the reasons for the rise. On monday, we had the first million-share day since july. On tuesday, we had another. And today, we had 2.95 million shares traded. Each day, we closed at or near the daily high -- an extremely bullish sign, which usually presages following-day moves. The best the analysts could come up with is that the graphics software sector is now back in favor because of Adobe. Hmmm .... Of course that helps, but it seems like the rise was a bit too quick for that explanation. I think some institution knows something, and just keeps buying and buying and buying .... As Peter Lynch would say, "let your winners run." I wouldn't sell tomorrow if it doubled.
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