Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 206.88

+2.9%

2:23 PM EST

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To: James Young who wrote (3832)	12/8/1997 11:23:00 PM
From: AL TOTH	Read Replies (2) of 19080

What is really amazing is that there has been nothing but bad earnings news coming out of the tech sector for several months now and people are still buying tech stocks like nothing is wrong!!! Oracles earnings is not a company specific problem. There are major earnings problems with tech stocks that will continue to come forward in the weeks and months ahead. Than one day Wall Street will finally have to admit that the tech stock glass is half empty and those holding techs will take the hit. I am not short any tech stocks but IMO you cant keep overlooking all the negative earnings news coming from this sector. I plan to keep my $$$ out of techs until the big hit takes place and once all the realities are built back in to the stock prices then look at buying them again. For those of you holding ORCL ,because of the markets exuberance you might not get hit too hard tommorrow. If so you might not want to look at this as a sign of strength, but more as a chance to get out at a reasonable price. AL

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