To: Kashish King who wrote (9758 ) 4/5/1998 7:37:00 PM From: Ghassan I. Ghandour Respond to
Paul and Rod - Lately, I have turned neutral on the whole market as well as BORL (all except CYBE). I am down to the very core holding on each and every stock, waiting for a market correction to replanish my trading account. I think the Asian turmoil has yet to reflect itself in the US market and the Japanese problems may prompt a sell off in the bond market as some Japaneese companies may found themselves forced to redeem bond. As for BORL, it has been flat for a full year now except for the occasional dips while MSFT doubled in value. There were lately very many news PRs, and that is keeping the stock where it is, but the uncertainty about the result of the acquisition is keeping the stock from going heigher. It failed to reach 10 three times, and lately it failed to break 9 1/2 twice this week. At the same time, it is doing better at the low end. Oracle plunged 2 points on Friday, and the last time before, when ORCL went down BORL went along. Maybe Paul is right that 8 1/2 is the most the stock
could see if the market gets very tough, and maybe the increase in short positions will coushion any decline, or maybe the shorts know what they are doing. The next earning report is going to be very important as to give a glimps on how the acquisition is fairing (most acquisition in techs did not bode well for the acquiring company). As I said before, I am have been trusting Del on that one. At the same time, I am afraid that Del decided to take that steps realizing that without such a gamble the turnaround was not feasable. The stock was doing great before that step, and now, several months later, it is clear that the stock was stalled by that step. Still, I am hoping for the best... Go BORL... Ghassan.
