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Technology Stocks : Open Text

OTEX 33.84

-1.3%

1:55 PM EST

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To: Tyler Lawton who wrote (430)	3/13/1997 12:59:00 AM
From: White Shoes	of 1195

Tyler, a couple of general opinions. Though it is always wise to consider trading patterns in a stock (I do), it also doesn't pay to be too paranoid. I think there may be, if you'll forgive the term a powerful "mega trend" in the direction of solutions like that offered by Open Text. It may not be easy to time it and the company might release info on a schedule different than you expect, but I believe there is something powerful going on here that will be reflected over time. Hence I don't feel that good about being a little light on OTEXF stock right now. I doubt we will see 7 and think this is a good time to get more. While it is true that insiders and staff have plenty of cheap stock, how does this relate to the market's influence on the price? I wouldn't let this, or paranoia about "nothing happening", cloud your vision. A lot of the revenue increases probably hinge on how quickly their major clients and 'current prospective customers' move to expand their installation of Livelink. There is a lot of general market interest in the stock and much press here in Canada. Many are "watching" and I predict a powerful up move on increased volume anytime the stock gets manipulated down to bargain levels. Bargain levels are about where we closed today. I'm sure we'll see a 150,000 day within the next few, with a close back above $9.00. I realize such predictions are fatal... (I still put a LOT of stock in the fact that HP and Siemens were impressed by Livelink.)

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