BORL: Time to BUY! Message Board

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Technology Stocks : BORL: Time to BUY!

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To: TChai who wrote (9945)	4/19/1998 12:17:00 PM
From: Doug R	Read Replies (1) of 10836

TChai, About your description of O'Neil's cup with handle formation. While I agree that the formation is useful almost anywhere in a chart, the main thrust of O'Neil's application of it is for stocks forming a cup from alltime high to alltime high. Or at least from a significant high. WAXS is a good example of it although the cup on that looks like a saucer on the current chart due to the size of the breakout. There is a formation that, upon volume verification, I have found to often predict that a fallen stock such as BORL will return to its alltime high thus completing the "classic" O'Neil cup. Now, BORL certainly has a long way to go and just as with O'Neil's cup with handle, the completion of the dynamic involved depends on continued overall bull market support, but BORL is currently working on the volume confirmation needed to validate the start of its return to old highs. I have a name for the formation but the acronym looks a bit silly so I'll just say that BORL may very well be on its way. Doug R PS, U completed this formation back in the teens as well.

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