Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.80

-5.6%

Nov 21 9:30 AM EST

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To: Tech Master who wrote (5324)	2/3/1998 10:58:00 AM
From: Wheats	Read Replies (3) of 19079

Tech Master, My charts show the same as yours, ORCL is overbought. I would expect some consolidation in here and then the uptrend to resume. However, I am holding because: 1) I believe the stock to be worth about 40, and it could be there soon. 2) No one can call every up and down move precisely, myself included. 3) I doubt the shorts are done covering. 4) Intel looked overbought several days ago at 82, now its 85 3/4, and probably going to 100+. 5) Remember how fast the techs tanked, well they can rise just as quickly and I would like to fully participate in the party. 6) The company says Q3 (this QTR) will be good. 7) I haven't seen any upgrades yet -- I think they (analysts)are waiting for 10 more points before they feel comfortable with this one. Basically, one risks missing the major move (up) by trading in here -- I've been there before. Phil

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