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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (27928)	1/24/2002 1:53:57 PM
From: in_cog_nito	Respond to of 29382

Ken: " I'm confused! In one sentence you say you want to know my opinion on where the stock is going, then in the next sentence you say you don't care what the TA is you are holding the stock for 20,30, etc. Whhaaasss up? " Ken, Regardless of how much respect I have for TA, and YOUR TA in particular, I do not base my buy/sells 100% on TA. It's a powerful tool, but one of many tools. Therefore, me saying that regardless what your TA shows about ORCL, I am holding, makes perfect sense to me. If you said, WATCH OUT!! ORCL's going to 12!!, The Sky is Falling.etc......I might sit up and take more notice.....but so far you TA has been saying ORCL is headed slightly down, yet it keeps moving slowly UP. " On the last TA I said that the stock would hit on the overhead MA in the mid 17's...Jeez, guessed right again!! " I could not find that post of yours. Please show the URL..I looked all over...maybe it is somehow deleted from the message list..don't know. I did find: " The stock is trying desperately to hold 14 Scott and may be good for a trade from 14 back to 15, simply because it is getting fairly oversold, but I don't think it will show and real solid support until 13." From that posting Dec 30th....The stock did have great support at 13, so much so it headed straight UP after the TA said is was headed down. It's one day dip did not bring it close to 13 at all. Now the TA says "the stock is now way ahead of itself and needs to get back down to the mid 14 to 15 level and allow the 50/200 cross to occur " The stock did dip, all the way to 16, has head up since. as of right this moment it's at $17.26 These dips to 13, 14 1/2, etc... have not happened, or even very close to happening. I AM NOT COMPLAINING THOUGH!!! You TA usually is very accurate!! Don't take offense to anything I have said here about TA and ORCL, it is NOT meant to be offensive. Seems to me, ORCL is defying the 50/200 day average, and many other parts of TA. When I look at the 3 or 6 month chart, I see allot more Higher Highs, and Higher Lows, then visa versa! Over a month ago, I said that regardless of what the TA shows I will stick with ORCL long and Short Term. I thought you understood at that time why.... I said I would not call for ORCL to hit 20 by the end of Jan., BUT it would not surprise me at all if it did. Looks like it could get very close! but then again it might fall to 13.... : ( I still think 30 by the end of the year is VERY do able. 50 within 2 years. I might be conservative with that too. As I have said before, by the time the TA goes positive, it will already be at $20. lol.....but at least now the TA see's $22.50 in the offing, but I do not think it will see 13 or 14 first. IMO, of coarse. :) When the TA goes positive, ORCL might REALLY TAKE off! IMO Hope you don't mind me asking for your TA of ORCL every few weeks, perhaps I am learning how ORCL moves in relationship to the TA, which could make ORCL a very profitable stock!! opps! Back to work! Later.. ME