SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?


To: Ghassan I. Ghandour who wrote (7069)11/3/1997 6:19:00 PM
From: Sam Scrutchins  Read Replies (1) | Respond to of 10836
 
To all,

Today seemed a little out of character, even for before last week's selloff and inspite of the large upside gain. A fair number of good size blocks traded, mostly on the buy side. It's possible that the smart money has decided the recent consolidation is over. It's also possible that some service recommended Borland, then allowed its subscribers to buy before making the announcement public. Let's all hope the latter interpretation is correct. If it is, we could see another point quickly. One way or another, I wouldn't put too much faith in the 10 level as a support area. The market had no trouble breaking it with the selloff. I do think the 8 to 8 1/2 is a good support area, and in the absence of another big dive, the 9 1/2 area will also be a good support area. Just my 2 cents.

Sam