Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Leo Mitkievicz who wrote (9511)	8/15/2000 11:35:22 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 9798

All good points Leo... Furthermore, companies that might have wanted to get together with CORL on their Linux platform, but were afraid of the negative publicity that surrounds Cowpland, just got a green light. So much of this companies problems have been attributed not to their poor product line, but the fact that MC has mismanaged the company to death and created taint with his legal troubles over his securities transactions. I have little doubt in my mind that when Cannacord put money into this company, they knew the company was on the ropes, and that to get it on its feet would require a "graceful" departure of MC. That's one of the few reasons that I've held on to the shares for the past couple of months (but I was getting to the point of selling and applying the proceeds elsewhere). Someone mentioned Hewlett Packard and Corel getting togther and I think that is a possibility, at least to offer the Corel Linux package on their desktops. It could create a terrific advantage for them in marketing their computers due to the lower cost of software. But somehow I sensed that because MC was still at the reins, they wouldn't go any further than licensing CORL's printing software. Now, however, there is nothing holding them back should they choose to do so. And as you said, there will be a honeymoon period and I'm sure a bit of takeover rumours floating around now that MC has no personal pride involved in preventing the sale of the company. His departure is humiliating to him enough. And if it wasn't for the fact that both the daily and weekly bollinger bands are VERY TIGHTLY PINCHED, I would almost agree that this gap up would only result in a mere $5-6/share rise in price. However, weekly pinches on the BB indicate that move will not be a minor temporary pop, but an indication of a long-lasting trend reversal. siliconinvestor.com One look at the monthly chart tells us that a $9 target is in place for the MA and the upper band of the monthly bollinger band is at $20 (not that I suggest we'll see that anytime in the near future). siliconinvestor.com However, I think there is more news pending out there of a material nature than just MC's long awaited resignation. It just makes sense to me that there would be. My prediction according to the charts? We should pierce through $6 resistance tomorrow or the next day on a gap-up and short squeeze. We should then retest $6 support and the next major resistance level is $8 and then $10 and then $12. Pretty much in two dollar increments it appears. Regards, Ron