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Technology Stocks : Oracle Corporation (ORCL)
ORCL 240.77+0.6%Nov 10 3:59 PM EST
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To: michael97123 who wrote (15390)3/1/2001 10:27:52 PM
From: trilobyte  Read Replies (1) of 19079
 
I agree. The street played this one as if it was going
to preannounce badly. They dumped the stock in anticipation.
Now we have a very small miss, only 2cts, and far from
a disaster. ORCL is a very healthy company that is very
well positioned. I think at worse, we'll see 45cts/share
this year 8+11+10+16 (Q4 is always their strongest and
analysts now have it pegged at 20cts). So 20$ is a p.e.
of 44 --not exceedingly high considering we're in a
bad downturn. My guess is for a relief rally tomorrow in
ORCL. That's what's been happening to alot of stocks
lately. What continues to puzzle me is why investors don't
step up to the opportunity: how often does one get to
buy quality companies at the low prices we are witnessing?
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