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Technology Stocks : BORL: Time to BUY!

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To: Sam Scrutchins who wrote (10578)5/19/1998 4:41:00 PM
From: Ghassan I. Ghandour  Read Replies (2) of 10836
 
You could be right about the volume being an indicator of bottoming but usually, when that happend, it is accompanied by a rebound from the day's low. Haning closed with bid and asks at the bottom, with this large volume, could not bode well for the short term. If the stock closes below 8 tomorrow then we may see the high 6 again. I did notice one thing which I find interesting. Just like last time, when it went down from 12 to just under 7, it is doing it one quarter 1/4 of a point each day. Only the last decline was more than that (BTW it Del's first post on this thread coincided with the stock hitting just under 7 and the start of the rebound). Have you seen how NOVL has broken its 52 weeks high just like I said it was about to do two days ago here (on this thread). So, Go BORL but buy NOVL... Ghassan.
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