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Technology Stocks : Oracle Corporation (ORCL)
ORCL 164.58-2.6%3:59 PM EST
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To: Ernest Emerick who wrote (446)11/24/1996 10:34:00 PM
From: David Tang   of 19080
 
Hi Ernest,

You are right about ORCL reaching $50 by the end of November.

However, don't you think ORCL's PE is at its all time high, 50.6,
which is too high to support its price? Normally, ORCL's PE is at
low 40s. I think the price will go up all the way to probably $55,
then a big sell-off after the earning report on 12/10.

Your thought will be appreciated.

David
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