Ghassan: I am sorry I have to disagree with you, but right now, there is no indication that BORL is ready to bounce back, I expect next week to be quite strong for the smaller technology company, but am afraid that BORL will have to build a double bottom, or at least test the old low, then depending on the volume coming in, I might be persuaded to jump in.
There is nothing wrong with BORL that Yocam cannot fix, on the contrary, he is coming in with guns loaded. If after the announcement we had the fast and rapid decline I expected (open a point lower on significant volume) it would have been different, but it drifted down on relatively anemic volume. We need a cleaning sweep before it is safe to enter these waters.
I for one, am waiting.
By the way, does anyone knows what is happening to the relatively large position Merryl established in the 11-13 range?
Zeev |
