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Technology Stocks : Oracle Corporation (ORCL)

ORCL 221.64

+0.5%

3:59 PM EST

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To: mike fredricks who wrote (4869)	1/5/1998 10:03:00 AM
From: vinod Khurana	Read Replies (2) of 19080

I see resistance at $25 - $26 1/2 and support at the $20 - $21 level over the next little while. The high I believe we will see for 1998 is $30 - $32 and probably will see that closer to the end of mid-year. Buying today at $23 is still considered cheap in my opinion and one can profit by at least 20% if not more within the year. Not a bad investment considering that ORCL is the largest DBMS developer in the world. $26 1/2 is my target over the next 8 weeks. We may see $25 1/2 over the next two weeks. V.K

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