Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 201.04

-0.4%

Dec 1 3:59 PM EST

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To: hasbeen101 who wrote (3451)	10/21/1997 1:33:00 PM
From: Eric	Read Replies (1) of 19080

Actually I think it will be very difficult to find a stock that will grow by 30% each year for next 3 years and still see stock price go down during that period. Wall Street's future is next couple of years, or even quarters. If Oracle beats estimates by 2c in each of next two quarters, stock will be trading above $40. The point is 8-10 years is too far down the line for anyone to know. The only thing I venture to guess is that in 8-10 years Oracle will probably still be there. ORCL may hit a plateau and the stock may nosedive but I am sure it will make several new highs before that happens. I think we will be okay for the next couple of years, after that, I will seriously consider using puts to hedge my long position if I still decide to long. But again high tech is a fast-paced industry, the next couple of years can be very different from what I envision today.

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