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


To: Alomex who wrote (5573)9/16/1998 6:18:00 PM
From: Guaranteed  Read Replies (1) | Respond to of 9798
 
Al, Netwinder is old news.Corel newsreleased version 1.0 (the DM ) back in late June- the stock didn't flinch. This version was anticipated. I would bet on earnings expectations as the prime factor. Although, I find it intriguing that the stock began to move at the exact same time as the DOJ antitrust decision regarding MSFT was released in Washington - perhaps the deep thinkers in New York are guessing that COS may be a major potential winner now that the case is going to trial - your guess is as good as mine ,but a lot of buying from the U.S. started about then.Maybe Netwinder gave it a push but it's not the main reason.



To: Alomex who wrote (5573)9/16/1998 8:20:00 PM
From: chevalier  Respond to of 9798
 
Looking purely at the technical indicators this stock is very overbought. Could it go higher, sure but I expect a short term profit taking session after the recent run-up. I have no position but I am not willing to chase a stock that has ran so quickly like this in the market environment we are in.