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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Cube who wrote (1147)9/8/1998 1:55:00 PM
From: David R  Read Replies (1) of 5102
 
Hindsight shows that even at 7 INPR was a good short, but 5?

INPR has a price/sales of 1.7. A market cap of ~280M. With revenue predictions for the current Q to move up, shorting INPR at 5 seems quite foolish. All bad news has been factored in. The only hope you have is for a bad quarter. Unless you have some insider info as to the quarter, this looks like a blind gamble. I would just take my losses, but I expect a recovery to at least the sevens where I will ba able to recoup most of my loss. If I thought INPR would touch 4, I'd sell everything now. However, we seem to have survived on major correction. Barring an additional market correction, I see the near term trend of INPR heading up.
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