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

To: Andreas who wrote (15644)	3/20/2001 8:44:14 PM
From: MeDroogies	Read Replies (3) \| Respond to of 19079

LOL...you may get sick of ORCL if you're in it for the short term. I bought at a post split price of 5. I had about 1000 shares, but I bailed somewhere around 80, though I still have 200 shares. I am holding on to buy more once it dips below 10. Some here think that ORCL is in a bad way...in particular because of the macroeconomic situation. I would dispute that on 2 fronts. 1 - ORCL is likely suffering from the dot-bomb situation, which vastly reduced its likely markets. This is a short term situation, as I am (already) seeing the "traditional" companies beginning to see gains from online activity. Once these gains are fully quantified, evaluated and understood, spending will pick up again as they look for greater technology gains. 2 - I don't think the macroeconomic situation is as bad as some would have us believe. The stock market is reacting on pure psychology now. Once the real economic situation is quantified, we will have a levelling out. Personally, I think ORCL could dip below 10. Should it, I will begin buying. When I first purchased ORCL, it was at 30 (pre splits) and I watched it fall to 12. I wish I had bought more at 12. That would give me an entry level of about 2.....I don't intend to miss those opportunities again.