Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Fernando Saldanha who wrote (9206)	1/1/1998 2:35:00 AM
From: Brad Davies	of 9285

Fernando, I would be very careful of Corel as a long. I was short from 12 and covered at 7 (I needed the funds for other reasons at the time). Michael Cowpland is a megolomaniac. He is not responsible and recently sold 20M of stock in advance of a negative earnings announcement. There is no reason to believe they are turning around their losses. They are trying to compete with MSFT and Lotus in the office suite business. Not a bet I would make. If anything they are still a short, although I gather most U.S. brokers won't let you short cheap stocks like this one. Best of luck Ron

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