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Gold/Mining/Energy : MGI Software (MGI on the TSE)
MGI 10.990.0%Jun 1 5:00 PM EST
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To: Steve Stinson who wrote (283)7/6/1998 6:43:00 PM
From: AlphaOne  Read Replies (1) of 553
 
I have been into this stock for some time now, and I have bought on the down side and sold with the upward drafts. I also have attended the annual shareholder meetings. I anticipate that the release of the new Photosuite software in August is part of the reason for the move.
The MGI team are very good at developing licensing agreements with major distribution networks, retail etc.

And in spite of the collapse of the Discreet Logic deal the strength of the momentum created by the MGI management insiders will move this again. Some say to $10.00 I feel that $7.50 is possible. The insiders were on their way out when the deal collapsed, now they must drive the company to greater heights to sell it to another buyer. They are not in it to build a big company forever, they are in it to get great returns at the market and to sell it off. Just my opinion...long for now on MGI...but watch it close.
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