Li Cai,
In an earlier post I stated "IMHO, the only downside risk at these levels is overall market activity. If a correction is in the offing, ORCL the volatile stock it is, will trade at the head of the herd." See techstocks.com.
Given where we are yet today, this stock is UNDERVALUED, but given current herd mentality, it will probably go lower today. I think we will see some bounce today, although towards the end of the day.
If we don't G-d help us, because the world's stock markets are looking to US markets for leadership. The Hang Seng, Taiwan, London will follow in-step tonight-tomorrow.
So, bottom line, if we see some bounce to day, your first price MIGHT NOT be your price. If the Dow drops 10% today, you will. |
