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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: Gilbert Lafortune who wrote (325)	1/4/1999 8:16:00 PM
From: Steve Stinson	Read Replies (1) of 553

I think your reasons are bang on. Although with this company, you can never be sure what is driving it since there is so little news besides company press releases. The share price moved up in a similar fashion prior to Intel taking an interest in the company last year (at C$1.80 per share I believe). It could be that someone else is kicking the tires again to inject some additional equity into the company. PhotoSuite II is reviewed in a recent PC magazine article and wins an honorable mention. Microsoft PictureIt was Editors choice. See: zdnet.com I too took some profits on my holdings last Friday. I think I will get another chance to get back in at lower levels barring a takeover announcement. The company still has yet to make any real money, and I think the share price was a little ahead of itself. I hope I won't regret my decision to sell. Steve

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