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Technology Stocks : Open Text
OTEX 34.28-1.5%Nov 13 3:59 PM EST

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To: Tyler Lawton who wrote (401)2/23/1997 2:02:00 PM
From: White Shoes   of 1195
 
Good article...if I had to guess I would say that there will be many eager buyers for the raw technology here, but also that Open Text may find it in them to make another acquisition or two to add features or innovations.

Any of the technical gurus want to make any comments on the chart?

It would be not unheard of for a chart like this to begin retracing immediately.

Then again judging by the huge leap and heavy volume at the bell, one has to figure lots of good news is going to come out in the next couple of weeks.

And...if you are one to look at 'money flows'...the steady rise this week was based on a steady stream of buys at the ask, pushing the stock price up. The momentum could continue for awhile. I guess I'm just wondering what the next 'stop' is likely to be. 12?

I'm guessing some of you have sold all of your holdings already judging by the quiet around here.
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