>> Suffices to say that what used to be a hard target to reach, i.e. 10, has become a strong support at which the stock is compressed like a spring, ready to bounce as soon as the markets subside. <<
Ghassan, my buddy. Please help me understand something. Earlier you wrote that you don't expect $12+ until at least February, or did I read you wrong ?
Provided no earth-shaking news are released before next earnings, can we seriously expect BORL to sit idly at $10 until then ?
Would it not make a lot more sense to sell now and then buy again at ~$8 or even ~$7 before the next earnings report ?
The last time I posted similar comments when BORL was trading at ~$8 I was laughed off the thread, but the fact is that many of us were able to cover/buy in the $6 range right before earnings a couple of months later. No reason perhaps to believe BORL could still trade that low after the last earnings report, but likewise, there is also IMO no reason to believe that it can not settle back down to the $8 or even $7 range at least intraday before earnings.
Tech stocks typically do get clobbered this time of the year as someone else already posted. In addition, I personally believe that the tech stock sector may see yet another correction before the spring. Sure, given all the bullishnes surrounding this stock I would have to agree with you that a good earnings report next January could easily propel it back up to $12 or even the low teens. But I do not see any plausible explanation that would justify BORL maintaining a horizontal trading pattern for the next 60-90 days in light of its inherent volatility, do you ?
I sincerely value your input. Thanks for any feedback you can provide. |
