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Technology Stocks : Open Text
OTEX 32.86-2.4%Nov 17 3:59 PM EST
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To: White Shoes who wrote (140)12/23/1996 8:58:00 PM
From: Michael Burry   of 1195
 
Ok, Geek, what to make of the recent action? Now down 2 points (nearly
25%)from it's recent highs. That's a significant loss to sit through.
As I am on vacation, and I am away from my graphs, I have no
current set stop loss let alone a concept of whether the charts
have turned bearish. From what I remember, this fall back to 6 5/8
will turn ugly if it falls any further. This is why I sold my
other stocks-- hard to enjoy vacation when you have a stock that
moves 25%/2wks, especially when that move is down since the beginning
of said vacation. Gut check time, I presume.

Mike
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