Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 177.16

-0.6%

Jan 23 9:30 AM EST

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To: lml who wrote (9399)	1/24/1999 2:21:00 AM
From: Shane M	Read Replies (2) of 19080

lml, I agree that ORCL has run a little past where fair value would place it, but after looking at what the capital gains hit would be if I sold, I decided to hold. My basis is @24, and if I sold for 50 then the govt would get about $8 of my $26 gain (at least until I qualify for long term treatment). This means ORCL would have to fall below $42 for me to reestablish my position and come out ahead on the deal. I don't think I can make money on that bet, so I'm holding. I bet alot of others feel the same way. Shane

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