MGI Software (MGI on the TSE) Message Board

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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Steve Stinson who wrote (222)	12/16/1997 11:31:00 AM
From: Danny Deganis	Read Replies (1) of 553

Steve, I understand your concern on the fundamentals of MGI, but I personally think that their continued lagging price has more to do with the time of year than it does with the company itself. If you look at the market depth for MGI on any given day, you will see Cannacord and others, selling a ton of stock every time the price appreciates. As one of the principals involved in the underwriting, they are long a load of shares in the $3.00 range, and possibly even lower. They need to get this off their books before Dec 31. and hey why not, they are still making a profit at these levels. This is also the case for other institutional and retail investors who need the loss for tax purposes. Remember, it was a great year for a lot of people. I'm hearing that the stock price should begin to appreciate in the new year. We shall see what happens. Best of Luck to You and All! Danny

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