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: TChai who wrote (9945)4/18/1998 8:04:00 PM
From: Neil Booth  Respond to of 10836
 
Someone where I work watches stocks with technical analysis. He found the fact that Borland has been bounding around on it's 200 day MA to be the bullish factor - it has now broken decisively above it.

Neil.



To: TChai who wrote (9945)4/18/1998 11:21:00 PM
From: Sam Scrutchins  Read Replies (2) | Respond to of 10836
 
TChai,

Thanks much for an excellent description of O'Neil's chart formation. I will go to Stacey's bookstore in San Francisco (its only about three blocks from where I work) and see if they have it in print.

I agree with you that while Edwards and Magee are the masters, they didn't see everything. I sure hope you are right on the formation. It very much looks like what you described. BTW, what are the indicators that the formation will fail?

Thanks again,
Sam



To: TChai who wrote (9945)4/19/1998 3:17:00 AM
From: Kashish King  Read Replies (2) | Respond to of 10836
 
Sent the following praise to Borland's advertising veep:

"I don't see anything particularly striking about your new website which is at best run-of-the-mill. Have you ever used the web? I suggest taking a look at Lotus', IBM's, Sun's or SGI's sites to get a handle on the basics of website design. By the way, the ad you have been running in PC WEEK has been the butt of several jokes and I'm wondering why it's not as obvious to you as it is to everyone else who has seen it that it's a horrible advertisement. I hope we don't have more of the management-by-vacuum which led to your demise in the first place. If you're going to place a gaunt, featureless loner in your advertisement the least you could do is ensure that he or she is awake (read: not sleeping)."



To: TChai who wrote (9945)4/19/1998 12:17:00 PM
From: Doug R  Read Replies (1) | Respond to of 10836
 
TChai,

About your description of O'Neil's cup with handle formation. While I agree that the formation is useful almost anywhere in a chart, the main thrust of O'Neil's application of it is for stocks forming a cup from alltime high to alltime high. Or at least from a significant high. WAXS is a good example of it although the cup on that looks like a saucer on the current chart due to the size of the breakout.

There is a formation that, upon volume verification, I have found to often predict that a fallen stock such as BORL will return to its alltime high thus completing the "classic" O'Neil cup. Now, BORL certainly has a long way to go and just as with O'Neil's cup with handle, the completion of the dynamic involved depends on continued overall bull market support, but BORL is currently working on the volume confirmation needed to validate the start of its return to old highs. I have a name for the formation but the acronym looks a bit silly so I'll just say that BORL may very well be on its way.

Doug R
PS, U completed this formation back in the teens as well.