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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: David R who wrote (3679)12/10/1999 6:31:00 PM
From: TTOSBT  Read Replies (1) of 5102
 
Re: " An acquisition could be in the works and the buyer is quietly accumulating a position." "Certainly BORL/INPR has been a long favorite of shorts, who are likely looking for the opportunity to sell this one down."

Any thoughts?"

David you have just alluded two of the major driving forces in INPR for past few years or longer. On a run up from $4 the prudent thing was to take profits today when the stock showed it was fading.

I am sure whatever the cause of such a strong move will have to show it's head soon. A buyer quietly accumulating a position seems very likely as all along there were big blocks of 10,000 to 50,000 trading, including today. I am waiting patiently to re-enter.

Another thought is the FED has pumped a lot of cash into the system as evident by the largest increase in history of M3 supply in November of over $38 Billion in fear of Y2K. No doubt allot of this money found it's way to the stock market. So I am guessing those who ran all this up will -or perhaps already have started to take profits if this is indeed what caused it.

Certainly one has to assume that this (the latest euphoria) cannot continue forever or at least at this level? And I have taken today's trading in INPR as evident of that.

TTOSBT
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