ORCL and WEBT may trade in Sympathy
would be a more accurate spin on my comments.
ORCL is perceived as being an Internet Software
Infrustructure play, but it is not near as pure a
play as WEBT. My theory goes that investors
who see ORCL getting hurt next week will think
twice about holding another Internet Software
infrustructure company like WEBT and they will
sell shares, and I'll be there to scoop up any
that fall significantly below $30. I may be
wrong of course, but I'd rather wait and see
than chase it up here. Besides, between the
War, 6.1% bonds, rising EURO, cash is king
right now, so I'll have plenty of time to buy
this stock into Earnings season before it
appreciates much further. People should keep
in perspective, that despite all the buy's on
this stock, 2 of the 6 are from the underwriters
after taking an IPO out, seeing it quadruple,
only to see it right back near it's out price,
and the other 4 are from nobody of consequence.
So while I'm a bull because I believe WEBT will
do better than the .03 expected next month, I'm
still wiery enough to try to time my buy well. |
