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Technology Stocks : Oracle Corporation (ORCL)
ORCL 221.64+0.5%3:59 PM EST
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To: Margarita who wrote (6958)4/20/1998 8:35:00 AM
From: Gary Ku  Read Replies (1) of 19080
 
Now, at least two of us see head and shoulder pattern is forming.
It is very dangerous to stay long at this stage, you never know how
low it will go. I figure it might go down to 17, where it started to
shoot up after company gave out positive outlook for north America
and Europe business. It mentioned, so far as I know, the Data Base
business for ORCL will grow 25% a year. May be he meant for just one
year, not year after year as overly optimistic investors construed as.
This might be the reason for it to go back down to where it was and
form a nice head and shoulder pattern.
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