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Technology Stocks : Open Text

OTEX 37.87

-0.7%

Oct 30 3:59 PM EDT

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To: Dale Baker who wrote (1109)	4/5/1999 7:04:00 PM
From: James Joyce	Read Replies (1) of 1195

thread - irrational exhuberence seems to be taking over. Stock has tripled in a year - hopefully earnings reflect the price growth. If so then great but if not then the stock will be trading at unsustainable multiples - except for the bigger fool theory. The company is solid so accumulation is the best approach. I just see this as a new major high which makes it high risk at this price. IMHO James

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