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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream
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To: Patrice Gigahurtz who wrote (396)12/3/1997 4:50:00 PM
From: JC  Read Replies (1) of 846
 
Pat: You give me much too much credit. This subject is so complex,ironically,even a high school kid can give you an answer which has some partial truth. All I can say is mcre's management has exceptional smarts technically and financially. You get some idea of the portfolio of products by calling them @806-566-6200 where an answering machine rattles off products. My gut feeling for the moment
comes solely by looking at the weekly close trend. Just don't buck the tape. Behind this may be 2 elements: 1) on average, tech stocks as a group are off 30% from their highs; 2) tax selling particular from the pro's who got into mcre on volume too late and are taking their losses against substantial profits. That's not much help, I know, but even if you give this stock a conservative 20-25% earnings gain, I have to sense this is now a support range. One rule of most pros: Don't try to buy at the bottom. Better to wait for the stock to stabilize.
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