Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 221.64

+0.5%

Dec 9 3:59 PM EST

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To: nanu swamy who wrote (4570)	12/17/1997 1:12:00 AM
From: Mo Chips	of 19080

I find your theories interesting, but kind of like a traffic accident. I completely disagree with your theory that MMs value a stock relative to the Dow. This couldnt be further from the truth. If anything, MMs analyze a purchase or sell based on the entire universe of stocks. Just like any investor would, you consider a risk free rate of return (gov't t-bills), your cost of capital, opportunity cost, risk reward, ect. If you could find ONE MM that says, "gee, ORCL is at 23 and the DOW is at 8000, I think ORCL should be at 23 3/4 considering the DOW. I think I'll buy." I'd be surprised if you can... I agree with this post... Message 2982351 By the way, ever read the book A Random Walk Down Wall Street? Probably the antithsis of the books you are reading. Mo

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