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Technology Stocks : Oracle Corporation (ORCL)
ORCL 217.60+1.5%Dec 5 9:30 AM EST
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To: Mark Fowler who wrote (3389)10/16/1997 8:59:00 PM
From: thomas hayden   of 19080
 
I watch ORCL's stock trade very closely every day, and the stock acts sick. Granted it is very oversold and due for a bounce, there seems to be a lack of interest in the stock, no excitement. Whoever said they will buy it at 30 may get their chance. It feels very dull, like it could continue to drift lower. Also, I just checked the PE and it is an eye popping 49 on a stock that has a growth rate in the twenties. That seems a little richly valued to me. We shall see.
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