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


To: Guaranteed who wrote (6206)2/4/1999 6:01:00 PM
From: VerificateASAP  Respond to of 9798
 
Well today was full of surprises I must say.

1) Entrust fell to 23.375 US down 6.625 Us on the day
2) Jetform collapsed to 8.90 Canadian down 8.40 on the day.
3) Newbridge announced after the close earnings will be below expectations. Stock after hours has already dropped to 27 Us showing that tomorrow the stock will open down 9 Can.

Corel inched by a hair down too 4.875 down 1/16 on the close.

Overall the first two had no effect in Corel today. I didnt buy any major stock today but tomorrow I will be accumulating 200k of Corel because it is the end of the week. Newbridge will have no effect on this stock either. If anyone has got to sell Ill take it off their hands tomorrow.

Not a bad day and hardly no major down selling on the stock. All the buyers and sellers were matched out near the top of this range. Very positive. I didnt have to step in. That is a good sign. We definetly want this stock to close on a positive note tomorrow and for the week.

Adding unto my positions mostly everyday and I should not tell a lie a picked up a little today.

Earnings projection for this stock is a very low 13.5 PE based on earnings of 35 cents Us for the year. You can see why I am picking up value here. The smart money is buying and Im telling all my rich friends are buying as well. The stock is a bargain.

Willy is still dead I here.



To: Guaranteed who wrote (6206)2/4/1999 8:50:00 PM
From: VerificateASAP  Respond to of 9798
 
Check It out. The filing today. Thats it.

Novell is using Alex Brown to sell their last million shares for the quarter probably to an arranged buyer like they did after the 25th of Jan. The deal is probably already arranged. Another positive that when this last block goes through the stock will trend higher once it is sold to the buyer.

Go Corel Go.



To: Guaranteed who wrote (6206)2/5/1999 4:53:00 PM
From: VerificateASAP  Read Replies (1) | Respond to of 9798
 
A very good day again on Corel. It was down a hair again on a 1/16 drop to close at 4 and 13/16. For the week it closed down only 1/32 on volume of 4000000 shares for the week. Good turnover this week i would say wouldnt you.

A good close for the week on the Dow. Pretty well balanced. There is a lot of money to come in from IRS contributions in coming months. We are talking billions of dollars and billions of dollars in contributions. I wonder if we will see some of that money enter the Corel arena. Gees lets say stupidly no because I dont want to look like I am promoting the stock. To all the non Corel believers its never too late to store some stock in your vaults.

This stock has a future multiple of only 13.8Xpe. What a bargain. This is based on earnings of 35 cents US for the year.

Do you think mutual funds and institutions are sitting on the sidelines. After last weeks volume turnover and block turnover as well be assured that dumb money is not buying the stock.

The action this week on Corel was of serenity. In spite of the circumstances of all the high techs getting clobbered this week Corel managed only to lose a hairlength this week. I am still adding unto my positions and from a trading standpoint the takeoff will occur soon.

Canadian Stocks that got buried this week includes:
Jetform - Close near $8.00 down over 9 dollars Cdn for the week
Newbridge-Close near $42.50 down over 10 dollars Cdn for the week
Entrust - Close near $24.00 down over 10 dollars Cdn for the week
JDS - Close near $56.00 down over 10 dollars Cdn for the week.
Many more but these are just a few just in Canada.

Corel bypassed the hightech sector decline this week and in my view that puts Corel in a better position next week to break ground to new 52 week highs. You are right guaranteed Willy is permanently dead unless you can tell me otherwise. More to come on technicals.