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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Annette who wrote (4069)1/15/2000 6:42:00 PM
From: i-node  Read Replies (1) of 5102
 
INPR is beginning to look as if it's nearing a short term top and barring any big news will likely retreat to a lower support level.

Could be. I'm particularly concerned that a lot of people have bought into INPR expecting some kind of overnight success. When earnings come out, and they're not spectacular (and I can't why they would be), and the price doesn't skyrocket, a lot of these people may bail. This could create a great buying opportunity come Jan 28.

OTOH, I think the institutions are accumulating, and they aren't likely to be affected by the 4th Q earnings numbers too much...

If we see a little pop above 15 next week, I may sell some or all of my Jan '01 calls, expecting to buy in cheaper a few weeks down the road.

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