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Strategies & Market Trends : Take the Money and Run
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To: Jorj X Mckie who wrote (3902)6/18/2002 6:07:23 PM
From: Nancy  Read Replies (1) of 17639
 
i know what you mean. my experience is whenever company release earnings without guidance, it is always prudent to wait for cc. the only occasion one is ok is stock has beaten down a lot going into earnings, such as csco last month. but orcl already went up a lot from its low. those who chase really are not thinking their risk/reward scenario.

orcl released not only earnings, but also revenues which beat the estimates, and revenues have been the sore point, so it tricked people.
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