Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 214.37

-0.9%

Dec 4 3:59 PM EST

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To: Robert Blake who wrote (9871)	3/11/1999 5:37:00 PM
From: Hector	Read Replies (1) of 19080

It's a favorite of the momentum crowd. What you're seeing now is the downside of momentum investing (panic selling and sheeplike behaviour). The stock price got way ahead of itself in the last few months and what you'll see tomorrow will be a periodic correction to bring it back to a more reasonable valuation. I'll be buying after the initial selloff. BTW, it's following in the tradition of other high flying momentum stocks. Forget the so called earnings disappointment. Fundamentals for stocks like ORCL are important in the long run, but secondary in the short term.

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