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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: Cube who wrote (1375)	10/21/1998 1:43:00 AM
From: TChai	Respond to of 5102

You are betting on your feelings about the fundamentals. I'm saying that at turning points, fundamentals are generally useless. When fundamentals become clear, the technical would have already gone underway. I do welcome the different viewpoints. But you are going against 2 cardinal rules: 1) Never short a dull stock. (dull in volume) INPR volume has been dull for months. This shows the lack of selling pressure, thus, the shares were being slowly accumulated. The heavy volume today is the sign that the change in (the down) trend is taking place. The stock is telling you to get the hell out of the way. 2) You are shorting near historical low, thus near the support. Major support at 5 is not likely to be tested much less broken with today's action. According to Gann, Buy at double bottoms, triple bottoms, with stop right under the bottoms. And likewise, sell at double tops, triple tops, with stop right above the tops. You would have done well on April 29 if you sold against the Nov 18, top at 12. Selling short after it bounced off major double bottoms is a good way to get your ass kicked. BTW, shorters don't bother me. I wish them well. Good luck to you.