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


To: Mephisto who wrote (14304)8/31/2000 11:58:41 AM
From: lml  Read Replies (3) | Respond to of 19080
 
Gee, awful quiet here. ORCL at all time high, and you guys can do is yawn.

Well, I made a prediction on another board last week that I believed ORCL was about to break out of its recent trading range sometime over the next few weeks. Well, we are at the edge of the envelope today on above average volume. Can we do it today? Dunno. Tomorrow might be a bit weak since it is precedent to the 3-day weekend. So, perhaps we should be looking to the first of next week for the first signs of a convincing breakout.

IMHO, and I am no TA expert, I think if ORCL can close around 91 we'll see a quick move up another 5-6 points to the mid-to-high 90s. JMO.