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Technology Stocks : Corvis Corporation (CORV)

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To: Jane4IceCream who wrote (969)8/30/2001 10:46:23 PM
From: SouthFloridaGuy  Read Replies (1) of 2772
 
The call of the year...

To:Nice Witch who wrote (969)
From: NewYorkCityBoy Wednesday, Jun 20, 2001 9:56 AM
Respond to of 1106

I wouldn't be so sure about that Jane. Of all the major CEO's, Larry Ellison is the one I trust the LEAST...
He pulled the same crap last year when ORCL was levitating and in February when he sold something like 900 million in ORCL stock, touting how ORCL's business was staying "on track", and then a few weeks later there was "no visibility."

ORCL made it's top at 21 after the surprise Fed cut in April, and I don't even expect a retest of that level.

We'll see single digits by the end of the year, no reason to change my target as I believe we will see a major crash and burn in the market starting in Mid July - meaning I expect the current downturn to be bought into as more lemmings are sucked in (see last summer for reference)...
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