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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: StockOperator who wrote (35062)11/8/2000 11:00:53 AM
From: Paul Shread  Read Replies (1) of 42787
 
We certainly haven't seen the last of last month's lows; the question is whether we ultimately will go lower. I think the answer is yes, to about 2500, completing a measured bear move and hitting the 94 log trendline. ORCL looks set up for a major disappointment. The problem is, you need a valuation level that is so compelling that people charge in; where that level is, I don't know. We're still up almost 100% off the Oct. '98 lows.
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