Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Trader Dave who wrote (3719)	12/2/1997 5:38:00 PM
From: mike fredricks	Read Replies (1) \| Respond to of 19080

A question and a point. First who is Oracle's investment bankers? Second, something to think about the downgrade. Remember these security firms make money based on trading. Goldman makes a large part based on their trading for their own account. I have seen this scenario many times while working at a major brokerage firm. The will put out a downgrade and when the price falls, they will buy for their own account and their inventory. that is why you see heavy volume when this is announced and the price usually goes back up a point or two the next day.. this is due to the instituion buying back the stock for their own account at a lower price.