Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (77746)	6/1/2001 6:37:14 PM
From: Eddy Blinker	Read Replies (1) \| Respond to of 99985

CSCO out of tune? Zeev Hed, CSCO did not look good all day.MSFT looked weak as well. Regards, ED

To: Zeev Hed who wrote (77746)	6/1/2001 8:35:51 PM
From: t2	Read Replies (1) \| Respond to of 99985

have you looked at the volume after hours? ORCL has about 130,000 share traded as of 5:45 PM vs close to 40 MM during the session, and the rise, a pitiful $.41 from the close and you call that "relief". Zeev, I guess you trade based upon charts and don't make note of the little things that are specific to certain companies. There is much to be read into Oracle's afterhours move. It made perfect sense...it moved up 56cents (or about 4%)initially and later settled at up 41 cent pop on a $15 to $16 stock is very significant on percentage term as long as there is enough trading in that stock. I believe it dropped after the news from the middle east. You got to be careful and not try and analyze every bit of data, even with no significance, to support one view or another on the market. One can make to complete inverse argument and say that CSCO is down after hours, does calamity will reign (which will of course be as wrong). Oracle issued a press release after the close, that they were going to report earnings on June 18. There is lots to be read into that very simple press release. In addition, that means a "relief" for other software stocks as a profit warning was expected after the close today and it did not happen. Did you notice that the stock is one of the most active Nasdaq stocks after the bell; that is unusual and it is basically on no news. You noted that it is of "no significance". I would disagree as it is what gives you an edge against other traders maybe sometime next week but ahead of its earnings. The technical/fundamental analysis is basically all out there. Cisco had news during the day and more after the close. I consider it insignificant since the stock reacted late in the day and in addition, there is little uncertainty about its bad market conditions. There was far more uncertainty in Oracle. One other point I would make is that it is not just Oracle. What are the implications for 10% of the QQQs...made up by the biggest software stock MSFT which was strong today even with this Oracle uncertainty. It may seem insignificant to you but to me there is much to be read into it...basically in the same way that you would consider a certain element of technical analysis significant while I may consider it totally meaningless. If the problem in the middle east does not escalate over the weekend, I would be certain that the Nasdaq goes up Monday as long as my read into the Oracle's simple press release is correct(and i believe it is). If there is any weakness I would be buying it aggressively (for a trade). It is only the developments in the middle possibly escalating (significantly) over the weekend that could stop the Nasdaq on Monday/Tuesday from gains larger than Thursday/Friday of this week. We shall see; check with me end of Tuesday to see if my analysis was correct. Here is the press release: You will find it amusing. Now lets see what the analysts have to say about it Monday.<g> biz.yahoo.com Btw--this is how I have traded over the last 2 years and very successfully. Rarely look at charts. Basically reading market psychology; market expectations and what really happens. Had lots of bad trades on the way but overall, did extremely well. have a good weekend