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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream

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To: Patrice Gigahurtz who wrote (608)4/23/1998 10:22:00 PM
From: neko   of 846
 
A very down day on the market and MCRE opens at 9 1/8 and closes unchanged on really Good volume. For those of you who follow fundamentals and momentum, this has been a terrific week. The stock was trading at 6 3/4 just a week ago on low volume.

It seems that the institutions recognize that a difficult quarter and changing management is behind MCRE. Feels like real optimism is back with this stock. The earnings were stronger in revenue than expected and as everyone has mentioned a ton of upgrades and new products will be out before the fall and Christmas season.

Definitely not a time to lower your investment in this stock. Chartings says that if the market even holds at this level the stock is on a forward trend. With 26% of revenues from Asia, this stock did really well considering how little they sold overseas with the slowdown and lack of native versions.

Some day we will all make money this way.

neko
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