Oracle Corporation (ORCL) Message Board

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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: MeDroogies who wrote (16868)	5/3/2002 12:23:25 PM
From: andydaoust	Read Replies (1) of 19079

Me, Don't some mutual funds have to sell under $10? Could that explain the huge drop in the last few days? Could we make money when the mutual funds start buying back when it goes above $10? Merrill Lynch is consistently wrong. The broker, in the mid 90's, used to call me and advise selling a stock at $30 and then advise 3 months later to buy it at $100. I just did the opposite until I got tired of paying $200 per trade. My largest position is now ORCL. I should have sold out at $17. I was concerned about the p/s ratio. However, I thought in five years the demand for databases would be strong. We are in a information based society that will only get larger, worldwide. A lot of the old economy companies still use the old main frame systems with cumbersome interfaces. I feel they will upgrade and be Internet based, which can only mean more database sales. The government is probably the worst since they decided to renew the visas of the dead terrorist in the WTC tragedy. It seems an overhaul of their information systems are needed. At any rate, the P/S ratio is now about 4. This can probably go to 2. But the P/E would go to 10. So at what point would the market feel we have value in ORCL? Bottom line I will stick it out, and if it goes below $5 be buying. Not that I know anything. Andy D

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