Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 189.97

-4.5%

Dec 12 9:30 AM EST

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To: YHL who wrote (3362)	10/15/1997 7:33:00 PM
From: up3up4	of 19080

Unless the market corrects or ORCL comes out with a warning, I don't think ORCL will go to 30. At this point, it has support around 35 and has a strong support at 32+ (200 DMA). However, the chart doesn't look bullish, ie H&S, with neckline on 35. Just IMO, any comment. ORCL is not an undervalued stock, so I don't expect it to go up fast. This is my core long term position, the other was APM (which is under value at this time, but risky.) I have been adding ORCL and APM to my portfolio over last few days. Bought some at 36 1/2 and today at 35. I don't try to catch the bottom, but I believe it will be around 50+ next year. I think Imformix is gone, and Oracle 8 and applications will help ORCL in the next few qtrs. Just IMO. Alex

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