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Technology Stocks : Corel - Investors with no Humor -- Ignore unavailable to you. Want to Upgrade?

To: bcoch who wrote (297)	12/18/1997 11:46:00 AM
From: Pete	Respond to of 1094

Well, that should just about do it.... lousy news, wide-broadcast, and "only" down (yet) another 6% on a piddly 90K shares by noon. Must mean that _all_ the big-boys are looong gone, and it's only us sucker consumer-losers p*ssing around in this one. (thank god I already have written this one off in my head...everthing's a "bonus" for me now :) -Pete TORONTO, Dec 18 (Reuters) - Toronto stocks were expected to open slightly higher on Thursday, but traders said the gains may be short-lived as equities remain in a downtrend. . . . The trader said Wednesday's run-up by Geac Computer Corp (TSE:GAC) and an anticipated selloff of Corel Corp (TSE:COS) today after loss warnings illustrated a heightened need for investors to focus on individual stock picks amid the current market volatility. "You know, you're not picking stock groups anymore, you're picking companies, and I think that is much more important now than it was six months ago," the trader said. Corel said early today it anticipated a loss of US$1.43 per share in the fourth quarter compared to a profit of US$0.09 a share in the same period last year. Shares in Geac rose 3.60 to 44.85 in heavy trading on Wednesday after the computer company said fourth-quarter revenues rose 152 percent in the period.