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

To: Roadkill who wrote (16173)	9/3/2001 2:48:12 AM
From: BelowTheCrowd	Respond to of 19079

If you're taking that approach (which I think is VERY realistic) then you might note that the long term trendline (going back to about 1990) is currently about 11 bucks. I'm not much of a believer in technicals, but I am a strong believer of going with the long term trend. The long term trend is of nice steady growth at a pretty good rate. I'd be happy if the stock just dropped back to the normal trend and just continued up from there at the same pace as 1991-1996. That said, it's not inconceivable to me that the stock might "overcorrect" on the way down just as it did on the way up. So I'd think 11 bucks or so is probably pretty safe for somebody with a medium to long term view, but I wouldn't look for sudden huge gains. To the extent we get those, I don't think we'll be able to sustain them in this slower market. mg