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Technology Stocks : Micrografx(MGXI) -- Ignore unavailable to you. Want to Upgrade?

To: James S. Martindale who wrote (511)	10/8/1997 2:21:00 AM
From: Jacky AY	Respond to of 543

It is really tempting to take some profit off the table now. It was a whooping 50% jump in the past week! And the miraculous thing is that the upmove is based on no news at all. If history should repeat itself, MGXI might fall back to high 6/low 7 level before advancing further. So, I just covered call all my shares today based on this speculation. If MGXI does fall back to that level by next Friday, I will be holding for long term. However, if my shares get called away, I'll only wait for another buying opportunity... I actually didn't do too bad on MGXI in either scenario, considering that I first bought my core share at 8.4375 last year before the gap down on earning warning. Since then, I have averaged down significantly. So even if I've to part w/ MGXI for a while, I don't feel too bad about it. Good luck.