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


To: Kashish King who wrote (2380)3/18/1999 10:26:00 PM
From: Cube  Read Replies (1) | Respond to of 5102
 
Covered my short today at 3 3/4. Not because I think INPR is now a good investment, but because I am trying to learn to control greed. The fundamentals are still horrible, and today's chart pattern was a disaster.

INPR has been over 50% owned by institutions. Most institutions have a market capitalization limit of 200 million or more. INPR is now well below that limit, thus forcing most institutions to rid themselves of the stock from their mutual funds in order to keep within the confines of their respective prospectus. There will probably be a dead cat bounce here eventually, and any long shares should probably be sold on any strength. An uptrend from here is going to be a long and painstaking process, with a new CEO.

Best of luck to all.

Cube



To: Kashish King who wrote (2380)3/18/1999 11:55:00 PM
From: squeakywallet  Respond to of 5102
 
Agreed. At this point every new sale Inprise closes is announced in a press release. That doesn't bode well for this quarter's revenues. Not only is the man incompetent but he is becoming quite predictable. Positive spin equates to negative performance.