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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Sam Scrutchins who wrote (9869)	4/15/1998 10:40:00 PM
From: Lewis Edinburg	Read Replies (1) \| Respond to of 10836

At any rate, I have not seen this evening's Big Charts chart on Borland's move, but I think it spiked through both the Bollinger Band and the upper boundary line of the symmetrical triangle. If it stops at 9 7/8 or 10 over the next two days, then one could transform the symmetrical triangle into an ascending right triangle. If it continues on a clear breakout of the symmetrical triangle on good volume, then the initial move is probably at or above 13. I guess I could believe all this analysis more if I didn't feel that the upcoming earnings report will have a significant effect on the stock price, more so than any psychological bands or boundaries. Since this report will reflect the impact of the acquisition (and its associated write-offs) and how well sales have been going, isn't that going to overhwelm all the other factors in your analysis? I'd put more faith in the technical analysis if we were in the middle of a quarter and the upcoming report weren't so significant.