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Technology Stocks : Open Text
OTEX 33.67-1.8%Nov 14 9:30 AM EST
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To: White Shoes who wrote (345)2/6/1997 11:59:00 PM
From: Michael Burry   of 1195
 
Geek,

OTEXF has really been moving on news but it is interesting that
the chart follows trendlines and traditional support/resistance
so perfectly. IBM has a correlation coefficient of about .5 with
both the S&P and the DJI, so is one of the better hedges out there.
I was using NSCP, but it already has fallen so much, and has lost
most of its market correlation.

Mike
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