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Technology Stocks : BORL: Time to BUY!

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To: Jan Robert Wolansky who wrote (10573)5/19/1998 4:08:00 PM
From: Sam Scrutchins  Read Replies (3) of 10836
 
BORL's technical indicators suggest we are very close to a technical bounce.

Jan,

I agree. The pickup in volume is usually indicative of a bottom forming. In addition, we have achieved the downside breakout measurement from the most recent symmetrical triangle, a pullback to the original breakout point from the reverse head and shoulders that formed earlier. Looks good for at least consolidation at this point.

Given that Borland's long-term potential is more positive than negative, I cannot see any meaningful selling pressure at this point, barring a market tank. Sure hope the earnings can meet or exceed expectations.

Sam
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