Oracle Corporation (ORCL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Oracle Corporation (ORCL)

ORCL 239.27

-1.9%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael97123 who wrote (15394)	3/1/2001 11:39:03 PM
From: trilobyte	Read Replies (1) of 19079

What probably happened is that customers told oracle they would buy before the end of the month. Oracle probably thought they'd simply have a back-end loaded quarter. Instead, customers backed out of earlier commitments to produce the miss. I think the fed is sending the message: nobody's going to hold your hand if you buy stocks. The sooner investors realize it, the better. That's not to say the fed is not on our side (1% rate cuts in January are pretty dramatic when it comes to the fed!) As for the nasdaq lows we set recently, well, my opinion is that you must be a little crazy to sell first rate companies at such low valuations. After all, when stocks are high, the only thing we hear is: I wish company XYZ was trading at 1/2 it's value. Then I would buy! Look around everybody: every good high tech stock's down 50 to 90%. If you can't buy now and hold for the long term, you're not made to be an investor! That's my opinion. Trilobyte

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next