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

To: micromike who wrote (6195)	2/3/1999 12:25:00 AM
From: Sal Pugliese	Read Replies (1) \| Respond to of 9798

It is strange...IMHO I think fund manager are accumulating it before recommending it as a buy...look at yahoo's research, just two weeks ago it was rated as a 5 (or strong sell)...now, it is unrated... quote.yahoo.com Their consensus estimates for the coming year are 16 cents a share...we already achieved 10 cents or 62.5% of that last quarter... With all the year 2000 software buying...I personally think, Corel is going to blow those estimates...I guess we will have to wait and see...Next quarter should be a good indication... Sal

To: micromike who wrote (6195)	2/3/1999 2:16:00 AM
From: VerificateASAP	Respond to of 9798

One thing is for sure I can tell you this. If Novell is selling stock they are giving it away at sure fire bargain prices. Smart money is accumulating their stock off the board. Once that is out of the way the stock will be in very strong hands. Once it is announced that the more than half of their position has been sold to the marketplace the stock will rally to even higher levels. If major institutions like mutual funds are responsible for picking up the majority of stock from Novell I can see that the funds expectations are at least a double or triple from here. This is a bullish sign that Novell is getting out. The percentage of shares that Novell will be able to sell this quarter is much much more than the 600000 shares allocated under Rule 144 by the SEC. The volumes have increased dramatically in the last three month period. I have the Nasdaq rules here in front of me and will probably take me the better of half a night to find the formula on calculating the increase of the sale of stock for Novell by the SEC under Rules 144. Otherwise More info from the past: Insider Trading Activity Filers Name Title Trade Trade Shares Price Date Type Traded Range Shares NOVELL INC. 10/01/98 Sell 638,000 $1.88 - 7,617,000 Held B/O $2.27 NOVELL INC. 09/30/98 Sell 21,000 $2.31 8,255,000 B/O NOVELL INC. 08/04/98 Sell 84,000 $1.53 8,276,000 B/O NOVELL INC. 07/01/98 Sell 590,000 $1.50 - 8,360,000 B/O $2.09 It could read soon like this in another three months 7,500,000 $4.00- 0 shares $5.00 If the volumes continue to rise like this on a daily basis Novell will have no problem selling all the rest of their shares coming in the next three month cycle. The stock will be readily absorbed by the market place based on the ongoing strong support for Corel. Damn Im still looking for this rule defintion and formula for sale under Rule 144. These rules are so long. It is like going through the Encyclopedia Britannica and takes forever. On that note Goodnight to all In LA LA land. The Dreamworld.

To: micromike who wrote (6195)	2/3/1999 6:16:00 AM
From: James P Shaw	Read Replies (1) \| Respond to of 9798

I've been watching Corel for a while now and have noticed that before the quarter report the price soared with large number of traders and large volume. This would indicate to me that small players were buying. For the last 3 or 4 quarters, Corel's stock has gone up at the end of the quarter until the announcements, on pure hype/expectation that they would have a profit. It would then drop after the announcement of 'yet-again' one time charges for a net loss in the quarter. Investors were buying after the quarter announcement and selling just before the end of quarter, for a tidy profit( usually in the range of a $1-$1.50 profit for a $5-$8 (US) stock is not a bad return). Corel only has some 60 million shares outstanding, and assuming the MC is not playing/selling his shares (6-7 million shares 10%) that leaves some 53 million shares left in the market. With volumes of 760,000 shares a day on NASDAQ, that's about 1.5% of stockchanging hands. More like a lot of day traders getting in to make quick money. Its ideal for the small time day trader, since its only $4-5 (US) a share its a rather inexpensive play. I do agree that there are probably rumours of a buyout going on, WordPerfect and Draw would be ideal cash cows for some companies looking to expand their stable of products. MC won't resign, he'll get bought out or continue to run the company. Ciao! Jim Shaw