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

To: Leo Mitkievicz who wrote (3989)	12/18/1997 5:55:00 PM
From: Alomex	Read Replies (1) \| Respond to of 9798

is that a big buyer (more likely an institution than a fund) is tippy toeing in with smallish block buys. Nyah, an institution would have let it drop all the way down to $1, and then snatch the thing at bargain prices. Whoever bought today already owned shares, and made quite an effort not to let it go down further. Let's speculate further: All in all 865,000 shares were reported as traded. Since NASDAQ double counts, volume was actually closer to 610,000. But wait, quite a few of those were arbitraged shares, as Corel seemed to spend most of the day at a lower price at the TSE. So all in all, about 500,000 shares were bought at an average price of 1 13/16. Ie less than a million dollars in purchases, and still the buyer was unable to keep the price above 1 13/16. Since a million bucks is chump change for a mutual fund, we have to assume that either some insider or perhaps a small VC who already owns a chunk of the stock tried to keep this bathtub afloat. $1.50 by new year's!!!!!!