Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 222.85

+2.4%

Nov 14 9:30 AM EST

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To: Chuck. Edwards who wrote (5480)	2/10/1998 12:06:00 AM
From: Michael Olin	Read Replies (1) of 19079

The most likely reason for the run up and tremendous volume was the upgrade by Chuck Phillips at Morgan Stanley. He gave everyone who was waiting for an analyst's blessing a reason to buy. I know Chuck; he has been a supporter of the New York Oracle Users Group for years, and he has always brought solid information about Oracle back to the Group. If he believes that Oracle will hit the revenue numbers that Larry and Ray Lane have been putting out, I wouldn't just dismiss it. Of course, seeing how all of the analysts jumped on the downgrade bandwagon (naturally, after the stock went south), perhaps we'll see some more upgrades leading the sheep back to Oracle. -Michael

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