Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 202.32

+0.2%

11:01 AM EST

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To: Rob C. who wrote (4022)	12/9/1997 6:25:00 PM
From: James F. Hopkins	Read Replies (2) of 19080

The worst is over, ( for the tech sector )some more may go down, but the big ( broad sell off today hit bottom) about 3pm ORCL droped so fast and had so many funds involved, that they had to sell intl , mfst and the likes to try to buy ORCL..to limit their losses and avg their price , it was a chain reation tied to ORCL..most of the other stocks that sold off, were sold so to buy ORCL..the ones who dumped ORCL early made a killing and the money will run back in ( it's already started ) some tech funds may still get hit.. RSIFX is one to watch..when it bottoms in a day or two I look for it to be a good bet. It's a no load. I'm now swinging from the BEAR camp to the BULL camp...but watch the SI indicator go the other way.. to bad I didn't have ORCL shorted, I'm now out of all short positions. The micro caps were not hit..in fact they are flying as are some small caps...this was big cap action today. And is what I was waiting for, in as much as ACTC didn't get hit very hard..she now looks kinda safe..some of the money that came out of the big caps will flow her way. ORCL will pop, maybe hit a second bottom, but then go back up Feb, or March calls should be good. Jim

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