Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 142.82

+4.6%

Feb 6 9:30 AM EST

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To: grogger who wrote (271)	9/28/1996 3:12:00 PM
From: Paul Moerman	of 19080

I am playing the short side with a single put right now, so I'm not risking much on my belief that the stock price has gotten a bit ahead of itself and is vulnerable to profit taking, especially if the overall market experiences a normal reaction in October. I agree with everything you said about the company itself. I'm long on a number of tech stocks and was looking for a way to hedge myself if the market dips again. I looked for companies selling at historically high price/book and p/e multiples. Oracle was one of the companies that caught my eye, along with Coca Cola. Unfortunately, I missed the best time to play KO when it hit 53+ a few days ago, and now has settled a bit. Do you still think I'm a lunatic? ;-)

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