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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: John Solder who wrote (1369)10/20/1998 10:01:00 PM
From: TChai  Read Replies (3) of 5102
 
Rocket to Houston, we have a lift off.

John,

I know that you have been disappointed with this stock. But we are bouncing off a major double bottom that first was made back in '96 on such strong volume. This is a very positive technical move. INPR share holders paid a high price when Del made the bold move of changing company name and direction. The future looked uncertain, the stock tested all time low. But today's action is suggesting that the worst is behind us, and I'm sticking out my neck one day before the earning announcement. Coupled with the long term chart I think that we will move up to test the double top at 12 (at the minimum.) If we break that, the old '96 high at 22 is the next target.

If you have the courage, you may consider buying at 6 for a move up to 10 or 12. It does take courage to buy into a stock that was in a major bear market for 6 solid months. But people like Jeff Barca-Hall and Hitachi prove that INPR has the right stuff.

good luck.
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