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Technology Stocks : BORL: Time to BUY!
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To: Paul Corbett who wrote (7041)10/31/1997 5:05:00 PM
From: Ghassan I. Ghandour  Read Replies (1) of 10836
 
Paul - Congrats on your (earlier) successful prediction. I also don't think that stocks will necessarely revisit the lows attained earlier this week. The double bottom theory doesn't apply here IMO as the fall was esternally induced and didn't have much to do with the respective stocks fundamentals as the case is when one stock falls on profit taking. It would be interesting and informative to know whether the rebound, next day, was fueled by short covering or by people buying back the shares they sold the day before, or solely by opportunists. I tend to think not that many shorts have covered as they probably were too gready and missed the chance. People (read analysts) who think that the bottoms will be revisited are probably driven by wishful thinking as they missed a great opprtunity. To be on the safe side, however, and just in case, I sold into the rally most of what I bottom fished the day before. I am holding on to all my BORL shares except the ones I bought that day when it dipped to 8. Go BORL... Ghassan.
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