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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Biff who wrote (285)	7/24/1998 11:12:00 AM
From: AlphaOne	Read Replies (1) of 553

I suspect that there are some who have bought low ($2.00) and are just getting some early profits. I origionally was part of a purchase of some at $1.00, have cashed out a chunk at $5.50-6.00, but anticipate that the mailing we just got on the annual meeting has a great deal to do with the fluctuations. The boys are cranking up their media machine again, they will release Photosuite II and have so many licensing agreements in place they could soar to the top! I expect that the MGI success will continue in the Fall, this has been the pattern, although I'm not buying more at these low prices...I wish I could. Other under performing stocks have a hold on my extra capital much to my dismay. If you can afford it MGI is a winner, they have captured 45% of their product category as a killer application. Intel owns 20% of them and they could do very very well over the next 2-3 years. These are low stock prices, I have read reports that indicate $7-$10 is not unrealistic over the next 2 years.

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