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Technology Stocks : Oracle Corporation (ORCL)
ORCL 199.42-2.7%9:33 AM EST
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To: nanu swamy who wrote (4497)12/15/1997 10:20:00 PM
From: lml  Read Replies (1) of 19080
 
<<My gut feeling is that ORCL moves by about 3/4th point for every 100
point change in the DOW under normal circumstances. So to see ORCL at 26 the DOW should be consistently above the 8200 level... To add something which may seem preposterous to some, I think that the DOW is right now under computer control and is being held "artificially high" to keep consumer confidence up. If the Fed stops pumping money into the market, the DOW would collapse like a rock and so would all big cap stocks... (most of my thoughts have been influenced by a book which I have been reading which describes how the Fed controls the economy.>>

Nanu, first, toss the book in the trash; then second, get a clue that this is a market of stocks & not a stock market.

Let's see, if you had made your correlative statement b/w the Dow & ORCL 2 weeks ago, the Dow would be trading about 7200 right now. What's the use of couching your hypothesis with the caveat of "normal circumstances." This is a market of many different stock influenced by sometimes random & unpredictable events. The situation is never normal. There's always something on the horizon that the market is hoping for or fearing. Bottom line: get rid of the book.
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