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Gold/Mining/Energy : Canadian Technology issues

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To: Vartan who wrote ()3/19/1996 5:01:00 PM
From: Fred J Bealle   of 640
 
Vartan et al, Mytec Technologies (MYT TSE)of Toronto is getting ready to
ship its product (fingerprint security devices) at the end of March.
This company is very well backed, and the product has internet applications
or so Mytec claims. (See press releases on mytec home page www.mytec.com)

Previously, on Jan.30 and Feb.6, the stock price has been fairly responsive
to press releases (Globe and Mail). The rise and fall has been very sharp.

If the stock continues to rise to month-end it likely will plummet upon
good news (product shipped on time, etc., beta test wonderful...). I have
put in sell orders for $9.50 and $11. Fear wins over greed.

If anyone knows how the beta tests went for Mytec, please share.

Fred Bealle
Toronto
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