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: David Miller who wrote (7210)11/7/1997 4:47:00 PM
From: i-node  Respond to of 10836
 
Look, I have already been told that this is frowned upon on this thread, but I have to say it.

I was "frowning", just "commenting".

But I thought Borland did well today, too, until the last hour. It held up around 10-5/8 and above most of the day. But in the last hour, when the dow recovered some, Borland dropped.

This reminds me of Borland's behavior a year or so ago. On Dow up days, Borland was down; on Dow down days, Borland was up. But lately, Borland seems to move with the market. Until today, that is.

At any rate, I'm about sick of sitting on the sidelines. This stock needs to either; oh, well. nevermind.



To: David Miller who wrote (7210)11/7/1997 6:03:00 PM
From: Sam Scrutchins  Respond to of 10836
 
Sorry David, I don't know what's being frowned upon, but you wont hurt my feelings by disagreeing with me. I'm an auditor, and it happens all the time <g>.

I wasn't particularly happy about the little pop down from 10 5/8 to 10 7/16 when the market closed, but I also know a Borland stockholder who sold over 8.000 shares today at 10 9/16 anticipating an opportunity to rebuy it at 9 1/2 when the market 'tanks' on Monday. I don't think that will happen, but who knows.

When I posted, the stock was down less than 2%. Even at 3.5% for a low value stock like Borland, one day's move means little. To me, the more important factor is the accumulation that seems to take place on these dips caused by general market selloffs. As has been the case all week, Borland's volume continues to increase on upticks and decrease on downticks. I felt this was not quite as true today as in previous days this week, however.

Regarding the 'average volume' sceniaro, I consider volume on a relatively short-term basis. If a stock trades 700,000 to 900,000 shares on two consecutive days, then dips and recovers on about 400,000 on the third day, then that's good, IMHO, even if the 400,000 is well above the average volume over the last counting period or so. Again, today was less good than yesterday, but it does not presntly concern me.

Just my 2 cents,
Sam