To: Lockhart who wrote (11365 ) 7/21/1999 11:17:00 PM From: American Spirit Read Replies (1) | Respond to
I have been in and out of Oracle several times. My partner rode it up all the way to $39 where I advised him to take profits. He did and was glad. I told him there are many other cheaper software stocks doing the same as ORCL re-defining themselves as e-commerce servicers. That helped ORCL get out of the doldrums and it led the way up. I'm not saying it won't go higher but every stock needs a breather once in awhile. CHRZ is one of many switching from Y2K into e-service, networking, set tops. It's a constant evolution. The market punished any software stocks identified as Y2K stocks and left behind other smaller companies. Now many of them are poised to rise as ORCL did, 50% or better. IMHO. Maybe I'm wrong but within the sector you have to be aware to maximize your trading profits. I don't pretend to be right all the time but when Jabak says ORCL has met his target and drops it and another analyst thinks CHRZ will go up 100% or more maybe you software co. investors would like to read about it. I certainty like hearing about undervalued stocks in the sectors I know something about. Do whatever you want but stay aware. Yesterday it was the high-fliers which dropped the most. CHRZ went up. Natural corrections. Same logic could be applied to CISCO vs. COMS. CISCO's the dominant company but is overvalued by ten times compared to COMS. Doesn't mean CISCO's a bad investment or COMS is better but sooner or later the dogs do have their days, at least in a bull market with breadth. Just something to be cognizant about.
