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Technology Stocks : Open Text

OTEX 33.67

-1.8%

Nov 14 9:30 AM EST

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To: gutsy who wrote (280)	1/28/1997 5:54:00 PM
From: White Shoes	of 1195

Yes, I agree that the market wants earnings. But it has already factored this into OTEXF presumably, dropping the stock price from $20 down to $5 before rebounding. IBM and Cascade (eg.) got whacked for good earnings but flattening sales numbers. I happen to think Open Text is doing better than expectations. Regarding Corel, they are in the black. Apparently the market not only wants earnings, they want to compare small and midcaps with IBM and MSFT. Seems to me it is the blue chips that are overvalued. P.S. Sorry if I sounded excited. I guess I would be more excited if I could afford to buy a car. But I am still in Open Text, so the car is on hold. Happy motoring. P.P.S. Looks like you weren't very 'gutsy' today. Hope you don't regret it tomorrow.

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