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


To: JakeStraw who wrote (17262)6/19/2002 11:20:12 AM
From: MeDroogies  Read Replies (1) | Respond to of 19080
 
LOL...the error I made last night (as did several of us) was confusing AHT with the regular market.
That said, action in the first hour and half was enough to soak up the entire short position (assuming they all covered...which is unlikely).
The second error was not waiting for the CC, which clearly lowered expectations for the next 2 quarters. They are still good, but not nearly as good as would be expected based on ORCL's results this quarter.

10 would appear to be the cap for now. We'll see what happens, as the market is acting FAR differently than I'd expected. I'd half prepared to go short QQQ today, but decided to hold off. I had a sneaking suspicion that the market would have a perverse reaction to all the good/bad news yesterday. That, so far, seems to be the case.