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Technology Stocks : Open Text

OTEX 33.67

-1.8%

Nov 14 9:30 AM EST

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To: JF Quinnelly who wrote (223)	1/18/1997 1:46:00 PM
From: Glen McGlaughlin	of 1195

JF,fair enough re; LOTUS but what about other competitors that may be in the marketplace that will take a serious run at OPEN TEXT. ABACAN is a Calgary based oil company that has had good offshore results,thus the price has gone from $3.80 to $15 in 12 mths. As an aside their is serious money to be made in a number on Canadian junior oil stocks like KVL (CAVELL-TSE), CARMANAH ( CKM-TSE ),STAMPEDER EXP (SDX-TSE). As I see it an investment in OPEN TEXT will require a good deal of "PATIENT CAPITAL" for the next 24 mths. Prove me wrong and I'm in next week at $7.50 or better! GLEN

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