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Technology Stocks : Open Text

OTEX 34.56

-3.9%

Nov 7 9:30 AM EST

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To: Steven V who wrote (718)	3/11/1998 11:54:00 AM
From: Alomex	Read Replies (1) of 1195

FORM 144 HISTORY - FILINGS TO SELL FILER REL FILED SHARES I wouldn't read much into this. Shares are at an all time high, so it is natural for officers to cash in some of their options. Percentage-wise they have filled to sell less than 10% (on the average) of their holdings. Personally, I would do the same after a 100% runup even if I was sure the company would go up another 100% during the next twelve months. An extreme case is RATL, where officers sold their entire position right around when it hit $30. The stock went all the way up to $40, just to collapse back to $12, where it trades today. The fact that OTEXF officers only sold 10% after a 100% runup is IMHO a vote of confidence on the stock.

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