Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.80

-5.6%

Nov 21 9:30 AM EST

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To: MeDroogies who wrote (17399)	7/16/2002 2:10:29 PM
From: Jerome	Read Replies (2) of 19079

The last five trading days ORCL has been showing strong bounce to the upside. I would expect that ORCL could hit 11 to 11.50 before a pullback. When the (-orqhb Orcl's Aug. 10's) are worth $1.50 I will write some covered calls .(they are now worth $1.10) At the current time I believe that writing a covered call that is slightly in the money will produce the best return while giving some protection to the downside. I also would like to write some Aug.15's on CSCO when CSCO hits $15.40... The symbol for those interested is -cyqhc. Covering the downside in years past was not a major concern. But times do change and so strategies must adapt. JMO...Jerome If I knew what I was doing I would do it somewhere else..-:)

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