Philip, I don't know whether your purpose here is simply to attack those people that are stating fact, or you have some personal vendetta against someone here, or something else. Any way, your opinion of Corel will not change anyone on this thread's opinion of the stock. I think we all know the score here and what is going on with this stock. It is floundering around and will take a tiny shove to push it down further. Corel recently slipped to the $1.70-$1.80 mark (Canadian), and it's slide is not over in my opinion. I am in at $5.35 CDN and holding paper that is now almost 70% down from when I purchased it around 1 year ago. I believe I am one of the lucky ones, because others certainly bought and held at higher prices.
People come and go on this thread. Each new low that is achieved, someone pops up and says, "Corel looks like a buy at this low price". Well, I don't buy it until I see some good financial numbers. The good financial numbers are going to be hard to come by for the year. Bean's prediction of $1 CDN is getting more and more likely. Maybe we will get a "dead cat bounce" again in January because of tax loss selling in December, but you can only bounce a "dead cat" so often before it goes SPLAT! It will just take one more screw up from Corel, or else Novell dumping to drive this stock into the toilet. I think we will also see some huge writeoffs that may improve earnings but that will be an accounting "headfake".
Excuse any of us who don't have a rosy picture of this stock, but then again only someone who has lost money on Corel would understand how and why we feel that shareholder wealth has been sucked away. Cowpland is replaced, and Corel will get better like Mitel did. Otherwise, I believe the company will keep floundering to new lows. |
