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: Jan Robert Wolansky who wrote (10573)5/19/1998 4:08:00 PM
From: Sam Scrutchins  Read Replies (3) | Respond to of 10836
 
BORL's technical indicators suggest we are very close to a technical bounce.

Jan,

I agree. The pickup in volume is usually indicative of a bottom forming. In addition, we have achieved the downside breakout measurement from the most recent symmetrical triangle, a pullback to the original breakout point from the reverse head and shoulders that formed earlier. Looks good for at least consolidation at this point.

Given that Borland's long-term potential is more positive than negative, I cannot see any meaningful selling pressure at this point, barring a market tank. Sure hope the earnings can meet or exceed expectations.

Sam