Hi Matt: OUT. As true to my word (if you recall, I said I would not own this stock in 1998), and I don't. I got out the day of Q4 earnings at 9 3/8. I ended up with a tax loss on the first position(s) of the 13K I sold (wash), and a very small profit on the remaining 3K I held in November. Net? = lot's of lost opportunity costs. I've been watching it since to try and "figure out?" an entry point, but I can't figure it out. So, in the interim, I figured it might be a good thing to increase my positions in CPQ, and buy into ORCL (at 19 and change) while I wait. I was also tempted to nibble at COSFF, but ... well...
if you follow that one, well, ... I haven't done that either.
ORCL & NOVL? I still think NOVL wants to do it on their own. I still think if they got rid (or reorgd) the BOD, they might stand a chance, as well as if they DID in fact reorg the BOD, that in and of itself would cause a big spike. The industry and street are watching NOVL. That's all I see right now. As you know IBM is more concerned about market share in PC's and the CPQ/DEC thing right now, and a big alliance is in the making between CPQ/DEC/INTC/MSFT, and I gotta believe ORCL doesn't want to 'buck' that combo. So, I will still just wait and watch NOVL for an entry point. That's where I'm at now.
Regards,
Joe...<except like I told Paul, that damn DELL, sheesh, how high can it go??????>
PS: Oh yes, I still hold MSFT (through the 3rd split now <g>)....
PPS: You can also look for more personnel actions at NOVL also. |
