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Strategies & Market Trends : Trader J's Inner Circle
NVDA 184.97-0.3%3:59 PM EST

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To: ajtj99 who wrote (44232)6/19/2001 2:47:05 AM
From: LTK007  Read Replies (2) of 56535
 
NDX100 now 32 points above fair value(futures reading plus 12)----all on wave of what i see as meaningless Ellison babble,i do believe,plus nearterm oversold factors.
But again market is showing up sensitivity to any "sunshine" talk regardless of the source.
But here is something to hang over LE's head,he flat out said his new E-Biz suite will go from 400 customers presently to 4,000 by the end of the year.This was his one concrete statement on CNBC interview as to why he believes you should buy ORCL now.
When asked about revenue depletion he just stutters and says well everybody is having problems,so when pinned as to why then should people buy stock now he came out with those e-biz suite projections.I am going to remember that,yes i am:) max
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