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


To: Cube who wrote (1984)1/20/1999 7:30:00 PM
From: Ghassan I. Ghandour  Respond to of 5102
 
Hi Cube,

It was nice of you to write an encouraging reply. In exchange, I do have one confession to make. After I sold three times, in the not so distant past above 6, only to buy back at least one point lower, I was tempted to do the same, today, when I saw the huge Ask size when the ask reached 6. But, then I remembered your recent post and decided to take a chance for the 7's, at least. Another thing also encouraged me to do so is an order to sell VLSI at 13 3/4 which got filled after two hours and three attempts by the stock to break that resistance. VLSI had a back dip toward the close (close at 12 3/4). Earnings came out. Maybe I will regret this but nobody went broke taking profit. Last time I sold VLSI it was at 12 3/4 and bought it back at 11.

With INPR, I do feel that the tape was indicating strength lately as all rallies were on very large volume and all declines on little volume. Maybe (just maybe) this is the breaking out or maybe it is just the Greenspan effect with some delay. We will see tomorrow.

Best regards...

Ghassan.