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Technology Stocks : Open Text

OTEX 34.56

-3.9%

Nov 7 9:30 AM EST

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To: BACRDI who wrote (786)	4/30/1998 7:33:00 PM
From: Mike Farrar	Read Replies (1) of 1195

Tomorrow will not be a good day for any net stock that misses its earnings numbers. These numbers are expected to be exceeded . Any earnings miss on a stock with a P/E like this one will open the door to a mass of selling and short sales. Any Internet/Intranet stock missing earnings numbers will get severely punished for doing so, since the expectations on these stocks is so high, which allows them to get away with these extreme valuations.

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