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Non-Tech : 1000% returns are cool !!!
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To: If only I'd held who wrote (2303)7/3/2000 12:26:03 PM
From: Marq Spencer  Read Replies (3) of 3326
 
Greg,

Shorted ORCL @80-1/16. My first short ever. Here's the reasoning:

1. Trailing PE at 120! Price to sales 22!
2. Revenue growth around only 15%.
3. Ray Lane (pres and COO) resigns on Friday after close.
4. Stock has made a lower high (90 in late March, 87 in late June).
5. Summer tech doldrums ahead.

I expect to cover at $60 within the next 60 days.

- Marq.
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