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


To: MeDroogies who wrote (11255)6/22/1999 12:07:00 AM
From: Joseph H. Leiti  Read Replies (1) | Respond to of 19080
 
Just an opinion here but .. I thought we'd hit resistance around 34 - 35 and it seems (at least at this point) to be bearing out. I wouldn't be surprised to see a little backing and filling to close the gap now back to 30 - 31 level (nothing to do with value). Then I would expect to see a further run. With this much action / trading going on, there's just too many traders and MMs playin this one. I know many don't hold to TA but many do. And one of the old rules is gaps fill (Or close). So don't be surprised to see the MMs shakin the trees hard for loose hands. If you get a chance to see a L2 screen on this you'll find everyone is accounted for :), Like I said, just a guess. But I would buy back at 30ish :)