Oracle - look out below!!!! Message Board

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Strategies & Market Trends : Oracle - look out below!!!!

ORCL 256.89

-6.7%

3:59 PM EDT

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To: BBrace who wrote (41)	4/23/1998 9:35:00 AM
From: Bipin Prasad	Read Replies (1) of 49

BB, PS Hope you didn't actually short LU. Just made about 6&1/2 points on May 70 calls anticipating blow-out earnings and shur-nuf they did it. I did @$75+ and covered the next day @65+. I usually cover on the 3rd day instead of 2nd day, but I had some other matters to attend in that afternoon and 3rd day morning. Also I didn't want LU to become a momentum short stock which is not as of today yet. However, 10 clams for one day's work wasn't bad. Holding June 32.5 calls and looking for 34-35 stock price by fiscal year end. Any comment? I expect ORCL @36+ if not 38+ by year end. Larry will beat next estimates. If you don't feel comfortable with holding Jun 32.5c, you might want to sell during May earnings run up. I rarely buy calls, rather sell naked puts when I'm bullish. That's just my style. If you are long on ORCL, hang on to them, sell out of money covered calls for the time being. ORCL is one of my favorite stocks because ORCL knows how to take care of share holders. Hope it helps a little bit. take care, BPP(Bipin's partner)

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