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Technology Stocks : Open Text

OTEX 33.67

-1.8%

Nov 14 9:30 AM EST

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To: Tyler Lawton who wrote (325)	2/5/1997 2:24:00 PM
From: Michael Burry	of 1195

Curious price action. Yesterday, it was holding strong at 8 1/2 by 8 5/8. I sold 6000 shares (60% of my holdings), which drove it down to 8 3/8 by 8 1/2 (I sold 3000 at 8 1/2 before the bid moved down). Today, on light volume, it craters essentially 5/8. MM maneuvering or just a result of the shaky tech market? Either way, it is interesting that the market couldn't stomach my sell yesterday without giving up some ground. Mike

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