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

To: X Y Zebra who wrote (16074)	8/21/2001 9:26:20 AM
From: Joe Waynick	Read Replies (2) \| Respond to of 19080

I think I have new respect for those who watch insider trading. I looked at all the stocks in your last post and I see your point. I also looked at the links from a previous post of yours, and the insider scores site is very interesting. I'll need to spend some time there to learn a little more. In answer to your rhetorical question, “Why ORCL?” The best reason I can give is because it’s a great company that is currently undervalued, or at least close to being undervalued, depending on which growth statistics you believe. At any rate, it’s not OVERVALUED relative to it’s earnings. My comfort level is $8 per share. Getting my cost basis below that figure through options, short-term and LEAPS, will let me sleep at night. Still, your list of advancing stocks is impressive. Most of those companies are large, stable companies and picking off a few points as they advance doesn't hurt. Neither would taking a reasonable position. Joe

To: X Y Zebra who wrote (16074)	8/21/2001 10:47:39 AM
From: MeDroogies	Read Replies (1) \| Respond to of 19080

Thanks for making that clarification. I was going to respond to your initial post about insider trades. I know lots of insiders who sold for various reasons (legal problems, timing of particular life events, sudden need for cash, etc.). Also, there are reasons that are "inflicted" on them, such as the AOLTW merger, when insiders weren't allowed to exercise during the course of the merger, and took the opportunity as soon as it was presented to them (which alot of non-insiders incorrectly assumed was insiders selling because of weakness...which turned out to be untrue). I agree that buying is more important as a gauge. In fact, from an insider standpoint, it's the ONLY one you can be 100% sure of the reasons for.