Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 210.44

+1.3%

11:11 AM EST

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To: Kevin Yang who wrote (3482)	10/27/1997 12:12:00 PM
From: Kevin Yang	Read Replies (1) of 19080

A couple of MMs had advised me in September that October was to be a down month for various reasons (historical, and tax). They had already unloaded all their positions in September. I did not sell any then because I was in for the long term. Nevertheless, I really cannot resist this amazing short term buying opportunity. Assuming that this dip is temporary, there is quite a few bargains in the market. ORCL, SUNW, INTC, CSCO, all companies that have been growing consistently at a rate of over 30% a year, all off significantly from their highs. I am tempted to put everything into ORCL as I think it is the safest bet. For a short term play, there is a extremely good chance of ORCL going back up to its previous high of 42 this December when it releases its Q2. The market should stabilize by then and ORCL simply has to hit its earnings estimate. That's a possible 30% gain in 6 weeks. SUNW and INTC will be a longer term play because their quarterly results came out not long ago. Opinions? Kev

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