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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: 2MAR$ who wrote (423)12/3/2000 6:32:15 AM
From: 2MAR$  Read Replies (1) of 762
 
Oracle confirmed it would announce earnings after the bell onDecember 14.

A conference call is scheduled following the
announcement at 5:30 Eastern. Additional evidence for our
bullish outlook emerged with comments from Founder and CEO
Larry Ellison that Oracle was taking business from competitor
i2 Technologies (ITWO). If ORCL is succeeding with ITWO it may
be reasonable to assume ORCL may be having success against another
competitor, Siebel Systems (SEBL).

Considering its sharp run up
during Thursday's trading session, a measure of profit-taking
on Friday may have been expected but did not take form. On the
close, shares closed a scant sixteenth off of the previous days
close - a bullish sign. During Friday's trading the stock dipped
at the opening, reaching the session low 30 minutes after the
opening bell. Shares then showed consistent strength, reaching
its high of $27.88 with 2 hours to go. ORCL drifted lower in the
late afternoon before spiking up $0.50 in the waning minutes before
the close.

Technical indicators remain positive. The slight
decline was on below average volume. Money flow has strengthened
and is in a solid rising trend. Stochastics are still positive but
their incline has softened. Improving macd has also confirmed a buy
signal. Support and resistance levels remain the same. Downside
support is at $21.50 and upward resistance at $27.50 and $29.
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