Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 191.97

+6.6%

Dec 19 9:30 AM EST

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To: zc66 who wrote (6775)	4/5/1998 7:41:00 AM
From: ChrisJP	Read Replies (2) of 19080

I am bullish on Oracle's products, and my track record for making near term projections is less than stellar, but none-the-less, I expect some excitement on Monday. 1) Whether the analyst meeting was a non-event or not, it was picked up by the Motley Fool and probably read by millions. 2) ORCL said just a few weeks ago that the 4th quarter was going to be fine. It's very difficult to invest in a company that reverses its assessment of its near term financial performance in just a few weeks time. 3) Technically, ORCL was overbought and starting to top. With nothing to drive it, there would have been normal profit taking anyway. Let me tell you if the analysts meeting had been good you would have seen a great event. When there is strong demand for a stock which is technically overbought, the stock shoots through the roof !!!! I like Techmaster's outlook. I think if ORCL falls to 26 or less, it will be a buying opportunity. When sellers meet bargain hunters you get excitement and opportunity ! We will see next week. Regards, Chris

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