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

To: Dana Adams who wrote (15440)	3/2/2001 12:02:49 PM
From: MeDroogies	Respond to of 19080

Dana, my entry price is 5 from 3 years ago. I'd say that even now, with the remaining stock I have, that I'm still doing well. That fits your time frame. Given that, I sold alot near the peak (as many here did, I'm sure). Their "aloof" CEO is a genius who remade the DB market, then predicted (and managed to lose, then make alot back on) the distributed computing concept, then remade the DB and apps market again. How you can classify that as aloof seems odd. Virtually everything he has predicted in the tech world has come to pass, and he's been on the bleeding edge all the while. Sure, he's a prick and an asshole, but so are Steve Jobs and Bill Gates. I dunno. Your comment about people buying and selling what they want really pretty much sums it up. The stock market averages an 11% return over the last 100 years....when I do better over shorter time frames, I'm happy. This market melts down every now and again, and I've lived through it 3 times since 1985. It always comes back. The economy is stronger than anyone really realizes, and this hiccup won't last. Techs are still the place to be, as long as you have the stomach to ride out the bad times. Remember the chip sector in the 80's? Who wanted to be there? But if you stuck it out, you made a boatload.