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


To: MeDroogies who wrote (11240)6/21/1999 4:22:00 PM
From: Eski  Read Replies (2) | Respond to of 19080
 
Let me see now Nasdaq up 60+ points and ORCL down 15/16. I believe the downtend has started, this puppy was way overextended. Profit taken may cause it to go down to 31 and change and up from there. No way this baby going to continue on this uptrend without a pullback.
This chart ORCL is one of the best rolling stocks you can find.



To: MeDroogies who wrote (11240)6/21/1999 5:55:00 PM
From: Orlando Stevenson  Read Replies (1) | Respond to of 19080
 
MeDroogies,

Good call! My Omnitrader model [http://www.nirv.com] selection/tuning last night indicated that we would likely be seeing a near-term top.. I waited until the market action confirmed (imho) later into the trading day before cashing in.

ORCL is a strong growth stock.. however, I've been burned on options in the past and don't like waiting a couple of weeks in any sort of holding/hoping position without a good reason <g>.

Good luck with your trading,

Orlando