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To: The Osprey who wrote (17386)6/22/1999 2:55:00 PM
From: New Economy  Respond to of 62348
 
COR-T EDIT Cannacord is a Net Buyer...somebody knows something.
Good support @ 6.00 and it may just eat through the small walls @ 6.05 and 6.10. Just keep the Nasdaq orders coming in. EDIT new bids piling up at 6.00.



To: The Osprey who wrote (17386)6/22/1999 3:37:00 PM
From: Roderick  Read Replies (1) | Respond to of 62348
 
COR.T You can't take anything for granted with Corel. That's why I bailed earlier. Still on the other side of the heavy offers (buy stop). Rod



To: The Osprey who wrote (17386)6/22/1999 3:48:00 PM
From: Wizzer  Read Replies (1) | Respond to of 62348
 
COR: .They do a NR saying best quarter since 1995 ans only lost .14 per fully diluted shares and you would think they would want to see how the market reacted.....

Osprey, I am assuming this is a typo. Corel posted 14 cents per share profit, not a loss.

Hopefully things will change, and the price will go up. Market is definitely pessimistic, but it may have to do with the actual financial numbers that were presented. A review and comparison of the financials shows what I am talking about. R&D is halved, freeing up around 9 or so million from expenses. Oddly enough, Corel posted just over 9 million in profit for the quarter. Sure it's great that R&D expenditures are down, but streamlining of the company is still not showing yet. Market doesn't know what to do yet. This does not eliminate this stock as a short term trade, as when MOMO is present, Corel is a great trade. I believe the market is absorbing the new information. I also believe that this week, we will see a good 3 day run up of the stock (I hope so anyway)

I currently own Corel at $5.70 and have held even when it went down to just over $3. Hope Corel changes for the better. Being a long/short/day term holder of the shares at various times, I am mostly pessimistic and somewhat optimistic. You should have seen me when I was mostly pessimistic-lots of cursing, swearing, crying myself to sleep at night........*LOL* <GGGG>

Of course, this is just an opinion.

Regards, Wisam