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Technology Stocks : Oracle Corporation (ORCL)
ORCL 225.60+2.3%Nov 19 3:59 PM EST
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To: im a survivor who wrote (16194)9/6/2001 1:49:07 PM
From: SouthFloridaGuy  Read Replies (2) of 19079
 
The whole point of not catching falling knives is not predicting a low.

I have stated a number of times (actually have a bet going on with some on this thread from Feb) that ORCL will at least see $5 - will I lock myself into buying at that price - hell no - it depends on the environment at that time.

Fine, ORCL won't go out of business, but with almost 6 billion shares outstanding $5 still gives the company a $30 billion market cap with a P/S = 3.5 - which is VERY generous given a declining/stagnant earnings environment. '

$5 also represents the second leg of support and the 1999 lows.

First leg of support is $10 and I expect that to be a buying opportunity for short-term traders.
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