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To: Walkingshadow who wrote (6705)11/12/2000 5:06:47 PM
From: Olu Emuleomo  Respond to of 13572
 
>>>(RE: ORCL)if there were a significant correction to the area of its 50 day MA (i.e., 33 to 35 area), I would consider a short entry at that point, after first seeing evidence of technical and chart weakness, indicating a probable resumption of the downtrend.
<<<

WS, Well said! I agree with you. However, if Monday is ugly, a short of ORCL or QQQ cant hurt.

--Olu E.



To: Walkingshadow who wrote (6705)11/13/2000 12:21:19 AM
From: Boplicity  Read Replies (1) | Respond to of 13572
 
I agree, ORCL is selling for less then 1 times earnings and has already fallen off a cliff. I think it's late to short now anyhow. Likelyhood of a resolution to the election next week is very high. At least by Friday will have a pretty good idea who that will be. As everyone knows by know, we will rally no matter who it is. I really do not see a melt down, just more selling in JNPR like stocks, the biggies have already sold off. 25% more down MAX for naz. I give that kind of selling a 30% change of happening, meaning not likely.

G