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Technology Stocks : Oracle Corporation (ORCL)

ORCL 239.27

-1.9%

Nov 7 9:30 AM EST

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To: t2 who wrote (16004)	7/13/2001 10:12:59 AM
From: Charles T. Russell	Read Replies (3) of 19079

No. I'm out of Oracle after covering my short several days ago. I moved ALL of my cash into Microsoft early last week, and exited yesterday on the 5$ bump. Moved all cash to CSCO yesterday at 17.70ish and exited that this morning at 18.40ish. I'm looking to reenter ORCL again in the low 18's/high 17's. This move down isn't all that a surprise. Orcl is in a clear trading range and without some extraordinary economic news that won't change. The inability of the markets to move forward after yesterday will almost certainly lead to a down day on Monday. If you like to trade buy ORCL low in the 18's and sell it in the mid 19's. It will probably be there for a while. CSCO is in a high 16 to mid 18 trading range. Same advice there. A break-out above 20 in Orcl would be extremely bullish and if that were to occur then it's a hold...I'm not looking at the charts right now, so someone else will need to identify the next resistance level post 20.

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