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

To: Charles T. Russell who wrote (15960)	7/2/2001 3:10:50 PM
From: MeDroogies	Respond to of 19079

I'd agree....I'm still not much of a technician, but I think 17.50 is the next bottom here.

To: Charles T. Russell who wrote (15960)	7/7/2001 3:30:29 PM
From: MechanicalMethod	Respond to of 19079

Charles, I've only recently started following this board and noticed your excellent sense of direction after reading back through your earlier notes. I've no idea which way ORCL's going next and nothing to add to your analysis other than I appreciate your posts and have been trying to determine a basis for automating something similar... best regards, MM Message 15963482

To: Charles T. Russell who wrote (15960)	7/8/2001 10:47:15 AM
From: t2	Read Replies (2) \| Respond to of 19079

Top forming. I think this rally is about over. I'm out and now look for a reentry back in the low 18's to mid 17's. Comments anyone? Great timing! Do you see this price as a buying opportunity? I was watching the stock and noticed it would not crack 20. Would approach 20 but pullback. It did outperform the Nasdaq in down days prior to July 4 but dropped on Thursday and Friday. The short interest in June had increased 18% on this stock from May. In addition, unlike Microsoft, this stock was probably dumped by funds in the first half of the year and is probably due for a bounce past 20...in the meantime, probably a good idea to buy at current levels or slightly below this to the 19 range. Next time, it should break past 20, imho. I do think that if the Nasdaq turns up, this one is going to outperform the other techs. Hardware stocks along with telecom equipment are going to be avoided by funds and that could mean more inflows into Oracle and other smaller software stocks. None of the warnings in this group (Rational and BMC) were as bad as EMC last week. Even Veritas software stated that their earnings will be OK...the difference between EMC and Veritas----one is in storage hardware and the other in storage software.