Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 189.97

-4.5%

Dec 12 9:30 AM EST

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To: Li Cai who wrote (3239)	10/2/1997 4:12:00 PM
From: Mark Finger	of 19080

>>But ORCL keeps dropping. If it goes below 36 next week, it may >>continue to drop to 33. Hopfully, 33 is a effective support line. >>Otherwise, it may hit 26. You TA guys try to read too much into your charts. For it to go below 30 would take a MAJOR piece of very bad news (on the order of hints of an Informix type disaster on the horizon). What is going to do that in the next month or so. Nothing before the end of November should trigger any news of that sort, outside the economy going into the tank. Barring any news there will be lots of support long before 30. Stock makes major moves on news and rumors of news, not just for no reason at all. You have to remember that.

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