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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (14482)	3/5/1998 4:21:00 PM
From: Brian Moore	Read Replies (1) of 18056

<< In the mean time, you can pick some Oracle shares (long) for a 10% gain >> Mohan, You were correct on this one last Friday, when Oracle was at 24. After a blah Monday and a great Tuesday, Oracle was at 26 1/2 early Wednesday, for a 10% gain. As I mentioned, I felt the downside risk was low. So I bought March 27 1/2 calls and placed a limit sell order right away. It executed late Tuesday for a good profit. By the way, I consider Oracle quite risky right now, as they will report quarterly profits next Thursday after the close. There are reports on the Oracle thread of Oracle sales people putting out resumes. No one really knows what will happen next week. Rather than risk it on the hope that Oracle will do well this quarter, I'd rather wait and see. If they disappoint and Oracle falls to 20, 18 again I'll put in an order to buy at 16ish. Thanks to Mohan and Bonnie for great ideas on this thread.

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