Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 236.05

-2.0%

10:02 AM EST

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To: Charles T. Russell who wrote (15960)	7/8/2001 10:47:15 AM
From: t2	Read Replies (2) of 19079

Top forming. I think this rally is about over. I'm out and now look for a reentry back in the low 18's to mid 17's. Comments anyone? Great timing! Do you see this price as a buying opportunity? I was watching the stock and noticed it would not crack 20. Would approach 20 but pullback. It did outperform the Nasdaq in down days prior to July 4 but dropped on Thursday and Friday. The short interest in June had increased 18% on this stock from May. In addition, unlike Microsoft, this stock was probably dumped by funds in the first half of the year and is probably due for a bounce past 20...in the meantime, probably a good idea to buy at current levels or slightly below this to the 19 range. Next time, it should break past 20, imho. I do think that if the Nasdaq turns up, this one is going to outperform the other techs. Hardware stocks along with telecom equipment are going to be avoided by funds and that could mean more inflows into Oracle and other smaller software stocks. None of the warnings in this group (Rational and BMC) were as bad as EMC last week. Even Veritas software stated that their earnings will be OK...the difference between EMC and Veritas----one is in storage hardware and the other in storage software.

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