IMO Jim, the next Q will be better than the last, but flat. It will take one more Q, then by EOY, it should pick up. Not on technicals, but on fundementals. I discussed this in-depth with my broker, and the read I get is, the street is not as doom and gloom as you see here on threads like this. I'm in at 19 and hi change; my first decision point is at 25-27 level, the final decision (and exit point) is at 31 or so where I beleive it is fully valued.
IOW, ORCL is hold for me right now, and I'm not concerned. (there are "worse places" you can park your money <g>)
Regards,
Joe...<I think the worst is over...>
(treat this as forward looking information, and my opinion only. use your own judgment when you make your investment decisions). |
