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: Paul Moerman who wrote (272)	9/29/1996 12:03:00 PM
From: grogger	of 19080

ORCL does have a high P/E ratio which is one factor that is probably affecting their stock price. I can see your point on this especially if there is some profit taking. You may make out alright (even though I would have to hope against you in this case) if stocks do sell off because ORCL has met some resistance at this price level. I'm long on the stock so some near term weakness wouldn't be that big of a deal altough I hate to sit through it anyway. I feel that their high P/E ratio can be justified based on the growth rate and what the expectations are for future earnings. They are a premier tech company one which I don't feel too much risk with. As long as their earnings continue to come in strong it could keep rising. If there is more excitement about the NC then that could help out too. We'll have to see what happens. What stocks are you long on? Rob

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