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Technology Stocks : Oracle Corporation (ORCL)
ORCL 217.60+1.5%Dec 5 3:59 PM EST
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To: Kumar Nathan who wrote (4542)12/16/1997 1:00:00 PM
From: nanu swamy  Read Replies (1) of 19080
 
Kumar,

I have read the one by Wade Cook. Is this the same one??

With rgd to ORCl there is substantial resitance at 23 1/2.
Using my theory unless the dow moves up by about 20-25 points
from where it is now (8015) the market makers are not going to
back up from their selling posture and the price will tend to
less than or equal to 23 1/2.

I am selling short at 23 3/4 for today (not yet executed). If
it goes above that price and remains that way for the next
few days I will use my long position to cover it...

Rgds, nanu
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