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Technology Stocks : Corel Corp.

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To: Guaranteed who wrote (6206)	2/5/1999 4:53:00 PM
From: VerificateASAP	Read Replies (1) of 9798

A very good day again on Corel. It was down a hair again on a 1/16 drop to close at 4 and 13/16. For the week it closed down only 1/32 on volume of 4000000 shares for the week. Good turnover this week i would say wouldnt you. A good close for the week on the Dow. Pretty well balanced. There is a lot of money to come in from IRS contributions in coming months. We are talking billions of dollars and billions of dollars in contributions. I wonder if we will see some of that money enter the Corel arena. Gees lets say stupidly no because I dont want to look like I am promoting the stock. To all the non Corel believers its never too late to store some stock in your vaults. This stock has a future multiple of only 13.8Xpe. What a bargain. This is based on earnings of 35 cents US for the year. Do you think mutual funds and institutions are sitting on the sidelines. After last weeks volume turnover and block turnover as well be assured that dumb money is not buying the stock. The action this week on Corel was of serenity. In spite of the circumstances of all the high techs getting clobbered this week Corel managed only to lose a hairlength this week. I am still adding unto my positions and from a trading standpoint the takeoff will occur soon. Canadian Stocks that got buried this week includes: Jetform - Close near $8.00 down over 9 dollars Cdn for the week Newbridge-Close near $42.50 down over 10 dollars Cdn for the week Entrust - Close near $24.00 down over 10 dollars Cdn for the week JDS - Close near $56.00 down over 10 dollars Cdn for the week. Many more but these are just a few just in Canada. Corel bypassed the hightech sector decline this week and in my view that puts Corel in a better position next week to break ground to new 52 week highs. You are right guaranteed Willy is permanently dead unless you can tell me otherwise. More to come on technicals.

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