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

To: A. Reader who wrote (3750)	12/3/1997 4:28:00 PM
From: Alomex	Read Replies (2) \| Respond to of 9798

This dog continues to reach new lows. Today it closed at 2 3/16, just slightly above Vanni's target of $2 per share. IMHO, COSFF will announce that they have run out of cash and used up a big chunk of their line of credit this quarter. Big layoffs will follow. (Corelians dust off those resumes). Mike C. will be given the boot on next's AGM meeting in April, which will cause the stock to gain a buck. If he's not ousted the stock will fall a buck. Novell is likely to announce the sale of the reminder of their COSFF position sometime soon. This has already been partially built into the current low price, so the impact will not be too big. I made money in all but my last Corel trade, in which I broke even. My first purchase was at $21 Cdn per share. I rode this baby all the way to the bottom, selling on spikes, buying on dips. Always benefitting from people who thought this company was great. When the stock reached $8.50 Cdn I thought that at that price the company was now attractive. Boy!, was I mistaken. After the earnings surprise, at $3.15 Cdn it now still seems too expensive (Only Mike C. knows how to drive companies into the ground like that).