BORL: Time to BUY! Message Board

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Technology Stocks : BORL: Time to BUY!

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To: Bipin Prasad who wrote (10613)	5/22/1998 12:56:00 PM
From: Ghassan I. Ghandour	Read Replies (1) of 10836

Why is BORL up today while NOVL is down by about the same amount? After all, it is NOVL who came up with the better than expected earnings! Maybe (just maybe) people are following the same strategy I explained on this thread several times as I used it with positive results. As I stated last night on the "INPR" thread, I sold NOVL for 11 3/4 yesterday before the earnings announcement. Now NOVL is at 10 3/4. I bought BORL (as a replacement for NOVL) at 8 this mornings (I last sold BORL at 10 3/4 to buy NOVL at 9 1/4 -- only the BORL in my trading account though). With an awful tech market out there, this kind of strategy is still making money. Buy on the rumor, sell on the fact, just as I wrote last night on the other thread. GhGhassan.

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