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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: Mark Palmberg who wrote (11123)6/16/1999 2:53:00 AM
From: Don Edgerton  Read Replies (1) | Respond to of 19080
 
I think the "head fake" that caused the reversal about mid day was the Oracle news release on the lay off of 225 people. Traders must assumed that was a precursor to bad news - layoffs usually associated with cost cutting because of slowing growth.

Last time, I believe oracle was up in after hours and tanked the next day. Anyway I need at least a 30 by Friday to make a buck in my 5 calls.