Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 202.05

+0.1%

1:39 PM EST

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To: CG TANG who wrote (4029)	12/9/1997 6:07:00 PM
From: BearBull	Read Replies (1) of 19080

I agree with your opinion. Any long-term investor, especially those ones who understand the fundamentals like our Silicon Investor folks, would take this as a buy opportunity. In short term, I have no doubt that it may go below $20. From $20/shr, I would buy every time it drops another $2. This reminds me of what happened to CA in January this year. After the big hit, I bought some. It went down further in the aftershocks. I kicked myself for not buying more on the way down. Now it has been doubled. The interesting part of today's sell off is that it opened at 23 and closed at 22 15/16 (Range: 22 3/8 - 24) with a record volume of 171M. I believe the majority of sellers are MMs and lots of buyers are individual investors. The bears were resisted by considerable buy orders.

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