Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 204.96

+4.0%

Nov 26 3:59 PM EST

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To: ACEINVESTOR who wrote (4107)	12/9/1997 9:22:00 PM
From: Kumar Nathan	Read Replies (2) of 19080

Hi Everybody: Let us converge and think what really happened today rather than who bought at what price etc., etc.,. I was watching the last one and a half hour of trading like a hawk. I noticed that there is a heavy resistance around 22 3/4 range. I suspect that the company is intervening and started supporting at these price level preventing it from dropping 10 points in a day. I bought some December 23 3/8 calls . But I feel that I made a mistake. What I did is like standing in front of freight train. Now there is heavy institutional selling. I dont think Larry will do anything tommorrow in his interview to boost the stock price. He will simply say that he has a business to take care of and doesnt run his business watching the stock market. Or he will simply repeat what was told in the conf. call. This will put further damp in the stock. Positive spin can happen if the interviewer was coached to ask certain type of question with an intent to expect a positive spin to stock movement. I think the worst is not over. I think that any spike in tommorrow will be smashed by heavy volume selling. Any other positive. Regards Kumar.

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