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Technology Stocks : Open Text
OTEX 34.56-3.9%Nov 7 9:30 AM EST

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To: Pete who wrote (762)3/25/1998 1:50:00 PM
From: dzzhang  Read Replies (1) of 1195
 
Take a close look at yet another Internet stock BVSN, when it announced a secondary offering, it creates sort of "uncertainty", some people drove the stock to $15. now after it finished offering, it comes back and set a new high at $19, a 25% gain from last trading day low! Not bad!

Same thing will happen to OTEXF, once it closes the deal today that has a conversion price of $20.85, the stock will move higher.
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