Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 164.58

-2.6%

Jan 30 9:30 AM EST

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To: lml who wrote (7986)	7/28/1998 1:17:00 PM
From: MeDroogies	Read Replies (1) of 19080

ORCL is holding up well on a down day. It has maintained a good portion of yesterday's gains. That is a good sign. I believe that several things happened recently: 1. ORCL ran up as options expired...and shorts ran for cover. There was a pretty long (for ORCL) cover ratio - about 2-3 days. 2. ORCL dropped as this mini-squeeze cooled off. 3. It is now back at the level it should be at, for the time being. Look for another mini-squeeze if this level is maintained, or if ORCL goes above 27. I wouldn't be surprised if ORCL tops 30 in the next 25 days or so (that MAY be wishful thinking on my part, but I don't think so). Generally, ORCL has been moving very nicely, and is on an uptrend. I expect it to continue for some time. Not as big as yesterday (I wish it would, though), but upward, nonetheless.

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