If the Dow opens strong, so will Borland, perhaps to 11 1/4 or better. Borland seems now to run up with the Dow, but hold fairly well on the downside. Represents a good relative strength and upside bias, on higher volume as well. Also 13-14 is near term target, not 6 to 8 months out, IMHO.
*** Off topic, sort of ***
Also, I could use some help. In the morning, the news services quote an S&P 500 future, saying it is selling at a premium or discount to cash. On Yahoo, you can see the Dec S&P 500 futures using the symbol "1SPZ7". Is this the correct month that is being quoted. If it is and when I looked at about 9:50 EST, it was trading up 3.70 at around 912, or about a 7 point premium to the closing cash of around 905. While I find it hard to believe the future was already at a 3 to 4 point premium to cash at the close (because of the market's closing extreme weakness), if this is indeed correct, and stays this high or higher until tomorrow morning, then we could see a substantial early Dow rally. Is this a correct analysis, or am I missing something?
Thanks for your response.
Sam |
